RSSFF Affinor Growers Inc

Affinor Growers Closes First Tranche of Non-brokered Private Placement

Affinor Growers Closes First Tranche of Non-brokered Private Placement

VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) is pleased to announce that it has closed a first tranche of a non-brokered private placement (the “Financing”) with gross proceeds of $124,000.

The financing consists of Units at $0.08 per Unit. Each Unit compromised of one common share and one common share purchase warrant (“Warrant”), each Warrant entitles the holder to purchase one common share of Affinor growers at a price of $0.10 per share for 24 months from the date of issuance.

The Company may pay finders’ fees equal to 8% in cash and 8% finders’ warrants. Each warrant will be exercisable to purchase one common share at a purchase price of $0.10 for a period of 12 months from the date of issuance.

The net proceeds of the private placement will be used for planting/production costs and to help with the launch of the facility in Abbotsford.

Insiders have participated for $100,000 of the private placement.

The Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approvals of the Canadian Securities Exchange (the “CSE”).

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. A finder's fee may be paid in connection with the Offering to eligible arm's length finders in accordance with CSE policies and applicable securities laws.

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.

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: 

On behalf of the Board of Directors,

Affinor Growers Inc.

Nick Brusatore

Director /CEO

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.



EN
12/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Affinor Growers Inc

 PRESS RELEASE

Affinor Growers Closes First Tranche of Non-brokered Private Placement

Affinor Growers Closes First Tranche of Non-brokered Private Placement VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) is pleased to announce that it has closed a first tranche of a non-brokered private placement (the “Financing”) with gross proceeds of $124,000. The financing consists of Units at $0.08 per Unit. Each Unit compromised of one common share and one common share purchase warrant (“Warrant”), each Warrant entitles the holder to purchase one common share of Affinor growers at a price of ...

 PRESS RELEASE

Early Warning Report Filed Pursuant to NI 62-103

Early Warning Report Filed Pursuant to NI 62-103 THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES         VANCOUVER, British Columbia, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Pavenham Development Corp. (“Pavenham”), with an address at 2321 Bolding Road, Mill Bay, British Columbia, V0R 2P4, has acquired ownership of 1,600,000 units (“Units”) issued by Affinor Growers Inc. (the “Company”), a corporation with a head office at 595 Howe Street, 4th Floor, Vancouver, British Columbia V6C 2T5 (the “Acquisition”). Each Unit is comprised of one ...

 PRESS RELEASE

Affinor Growers Announces Securities for Debt Transactions

Affinor Growers Announces Securities for Debt Transactions VANCOUVER, British Columbia, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF), a vertical farming technology and operations company with a commercial production facility in Abbotsford, BC, announces that it has entered into debt settlement agreements with certain creditors (the “Creditors”) to settle an aggregate of CAD$229,355 in debt (the “Debt”). In settlement of the Debt, the Company will issue an aggregate of 2,293,550 units of the Company (the “Units”) at a deemed p...

 PRESS RELEASE

Affinor Growers Announces Private Placement Repricing

Affinor Growers Announces Private Placement Repricing VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) After reviewing the market conditions the Company will be reducing the per unit price of the private placement announced June 24, 2022. The price per Unit will be reduced from CDN $0.20 per Unit to CDN $0.15 per Unit. The price of the Warrant will be reduced from CND$0.30 per Warrant share to CND $0.25 per Warrant share. All the other terms and conditions of the private placement will remain the sa...

 PRESS RELEASE

Affinor Growers Appoints New Chairman

Affinor Growers Appoints New Chairman VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFD) is pleased to announce Ben Hogervorst as Chairman of its Board of Directors. We are very pleased to welcome Ben as the new Chairman of Affinor and excited to work with him, Mr. Hogervorst is owner and CEO of Britespan Building Systems Inc the supplier and Partner in the newly developed Atlantis Greenhouse design, Britespan provides fabric building solutions to clients across North America and the globe in the ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch