!!!!!,,,,,,,,,RePricing of Private Placement.........!!!!!!Offering RePriced DOWN 25 %%__From 20 Cents to 15 Cents__
With MORE DILUTION This IS Par for the Course__As there HAVE BEEN More than a FEW Private Placement
RePricings and/or CANCELLATIONS over the Past 5 Years.
At least this IS Tame COMPARED to the BridgeMark Private Placement currently Pending the
DECISION by the BC Securities Commission in the next Few Months.
AFFINOR GROWERS ANNOUNCES REVISED TERMS OF UNIT FINANCING
VANCOUVER, British Columbia, January 16, 2024
Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF) announces, further to its news release on January 9, 2024, that the Company has revised the terms of its previously announced non-brokered private placement.
The Company will now be conducting a non-brokered private placement of up to 6,666,667 units of the Company (“Units”) at a price of $0.15 per Unit for gross proceeds of up to $1,000,000 (the “Offering”).
A significant portion of the Offering, approximately $620,000, is anticipated to be the distribution of Units in settlement of existing debt. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Share (a “Warrant Share”) at a price of $0.25 per Warrant Share for a period of 24 months from the date of distribution.