21:59:06 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Affinor Growers Inc (2)
Symbol AFI
Shares Issued 36,626,026
Close 2025-06-25 C$ 0.055
Market Cap C$ 2,014,431
Recent Sedar+ Documents

Affinor to settle $365,757 debt with 6.09 M shares

2025-06-27 15:55 ET - News Release

Mr. Nick Brusatore reports

AFFINOR GROWERS ANNOUNCES DEBT SETTLEMENT

Affinor Growers Inc. has entered into debt settlement agreements with three creditors of the company to settle an aggregate of $365,757.79 in debt. In settlement of the debt, the company will issue 6,095,963 common shares in the capital of the company to the creditor at a deemed price of six cents per settlement share. The settlement shares will be subject to a hold period of four months and one day in accordance with applicable securities laws.

The creditors include Nick Brusatore, an officer and director of the company, and 182564 Ontario Inc. (182 Ontario), which is controlled by Ben Hogervorst, a director of the company. Mr. Brusatore will be issued 3,129,296 settlement shares and 182 Ontario will be issued 2,666,667 settlement shares. The issuance of settlement shares to Mr. Brusatore and 182 Ontario constitute related party transactions 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, as the securities do not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

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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