Affinor Growers Announces Closing of Non-Brokered Unit Private Placement
Press Release
VANCOUVER, British Columbia – Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) announces, further to its news release dated January 22, 2021, that the Company has closed a non-brokered private placement of 28,714,285 units of the Company (the “Units”) at $0.035 per Unit for gross aggregate proceeds of $1,004,999.98 (the “Offering”).
Each Unit consisted of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share (a “Warrant Share”) at a price of $0.05 per Warrant Share, on or before February 26, 2022.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws ending on June 27, 2021. The Company paid aggregate cash finders’ fees totaling $18,208.92 to certain eligible finders.
The Company intends to use the proceeds from the Offering to fulfil its obligations pursuant to its recently announced lease agreement with Nicholas Brusatore.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Nick Brusatore: Now that we are enabled with funds It will certainly be a pleasure to finally showcase our patented, automated, vertical farming technology to the world, I personally look forward to serving the Affinor Growers shareholders and working diligently with our team to get this high-profile agriculture project into revenue.
About Affinor
Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB 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.
To learn more about Affinor, visit: https://www.affinorgrowers.com/en
On behalf of the Board of Directors,
Affinor Growers Inc.
Nick Brusatore
Director /CEO
nick@affinorgrowers.com
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