Mr. Nick Brusatore reports
AFFINOR GROWERS ANNOUNCES CLOSING OF FIRST
TRANCHE OF UNIT FINANCING
Further to the news release
dated April 30, 2025, Affinor Growers Inc. has completed a first tranche of its non-brokered private placement of 700,000
units of the company at a price of 5.5 cents per unit for gross proceeds of $38,500. Each unit consists of one common share in the capital of the company and one
share purchase warrant. Each warrant entitles the holder thereof to acquire one additional
share at a price of eight cents per warrant share for a period of 24 months from the date
of distribution.
The company intends to use the net proceeds from the offering for administration fees and the installation
of all required for the new six-level production towers for the development of strawberries.
In connection with the first tranche, the company paid cash finders' fees in the amount of $3,850 to eligible
finders and issued the same finders a total of 70,000 non-transferable share purchase warrants with each finder's warrant exercisable into a share for a period of 24 months from the date of
issuance at a price of eight cents per share.
All securities issued in connection with the offering are subject to a statutory hold period of four months and
one day following the date of issuance in accordance with applicable Canadian securities laws.
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange under the symbol AFI and on the OTC Pink
under the symbol RSSFF. Affinor is focused on developing vertical farming technologies and using
those technologies to grow fruits and vegetables in a sustainable manner.
We seek Safe Harbor.
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