Affinor Growers Inc. (OTCMKTS: RSSFF) has announced the closing of a non-brokered placement of 10.43 million units at $0.035 per unit for total proceeds of $365,050.
Affinor will use proceeds from the Offering to construct the Atlantis facility
Notably, every unit comprises a common share of the company’s capital and a common share warrant. Each warrant authorizes the bearer to purchase an extra share (warrant share) before or on January 14, 2022, at $0.05 per share.
Affinor plans to use the offering proceeds to complete its greenhouse construction activities and commence the newly planned Atlantis facility, enabling the company to enhance its strawberry production.
A four-month hold period applies to all issued securities in the Offering, which will end on May 15, 2022.
Interestingly the issued securities will not and have not been registered under the US Securities Act of 1933 as revised or any state securities regulation. Therefore there may not be sold or offered without registration unless registered or exempt from registration requirements of the United States Act and relevant state laws. The press release is not a solicitation offer to purchase or sell, and no sale of the securities should take place anywhere in which such solicitation, offer, or sale will be illegal.
Affinor appoints Patrick Carey to its Board
Affinor recently announced that Patrick Carey had joined the company’s Board to help the company’s business execution and five-year growth strategy in Canada and globally. Pat Carey is a 3rd general Wallace & Carey leader. He leads the family-owned national 100-year business in which he became CEO in 2018.
CEO Nick Brusatore said, “Having Mr. Carey on our advisory team completes the people puzzle required to fulfil our vertical farming quest and drive the Affinor growth plan. It’s an honor and a privilege to work with Patrick. I truly believe Affinorians are headed for agriculture technology leadership and sustainable success. I expect that this relationship will add considerable value to Affinor’s marketing plans.”
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