Mr. Nick Brusatore
reports
AFFINOR GROWERS ANNOUNCES CLOSING OF SECOND
TRANCHE OF UNIT FINANCING
Further to its news releases
dated April 30, 2025, and May 21, 2025, Affinor Growers Inc. has completed a second tranche of its non-brokered private
placement of 600,003 units of the company at a price of 5.5 cents per unit for
gross proceeds of $33,000.15.
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.
An officer of the company (the insider) participated in the second tranche and was issued an aggregate of
327,273 units for gross proceeds of $18,000. The issuance of the units to the insider constitutes a related
party transaction, as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in
Special Transactions. The company is relying on the exemption from valuation requirement
and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, the insider's
participation does not represent more than 25 per cent of the company's market capitalization, as determined in
accordance with MI 61-101.
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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