MONTREAL, QUEBEC--(Marketwired - April 4, 2014) - Affinor Resources (CSE:AFI) is pleased to announce the closing of a first tranche of financing, previously announced on March 28, 2014, of 4,030,636 units at $0.25 for a gross proceeds of $1,007,659.
Under the terms, 4,030,636 shares are issued for a gross proceed of $1,007,659. In connection with the financing, finder's fee of $59,243 is payable to third parties as well as $15,875 and 63,500 broker warrants to Canaccord Genuity Corp., $5,000 and 20,000 broker warrants to PI Financial Corp., $1,500 and 6,000 broker warrants to Mackie Research Capital Corp., $12,647 and 50,590 broker warrants to Global Securities Corp. The management and board directors of Affinor participate for $65,000 in this financing and Pro Group for $66,250.
About Affinor Resources Inc.
Affinor Resources is a diversified publicly traded company on the Canadian Securities Exchange under the symbol ("AFI"). Affinor is focused on the Medical Marijuana industry within North America as well as Affinor has a Mineral Exploration division. Affinor is currently working towards becoming a premier Canadian Medical Marijuana and Industrial Hemp company by consolidating fragmented medical marijuana grower facilities and bringing industry expertise to its advisory board.
On Behalf of the Board of Directors
AFFINOR RESOURCES INC.
"Sebastien Plouffe"
President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com. This News Release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.