Affinor Resources Closes Second and Final Tranche of Financing for a Total Gross Proceed Overall of $2.5 Million, Hired Sequoia
April 23 2014 - 5:03PM
Marketwired Canada
Affinor Resources (CSE:AFI)(FRANKFURT:1AF)(PINKSHEET:RSSFF) is pleased to
announce the closing of the second tranche of the financing of 6,107,000 units
at $0.25 for a gross proceed of $1,526,750 and a total of $2,534,409 overall
including the first tranche.
Under the terms, 6,107,000 shares are issued for a gross proceed of $1,526,750.
In connection with this second tranche, finder's fee of $27,000 and 108,000
broker warrants are payable to Jordan Capital Markets Inc., $3,450 and 13,800
broker warrants to Global Securities Corp. and $2,125 and 8,500 broker warrants
to Wolverton Securities Ltd. The management of Affinor and Vertical Design Ltd
participate for $950,000 in this second tranche.
Also Affinor board of directors is very pleased to have come to an agreement
with Sequoia Partners Inc. Sequoia is a capital markets and corporate advisory
boutique that has been retained by Affinor to provide strategic capital markets
advisory services. The team at Sequoia have extensive investment banking,
corporate development and corporate communications experience. Sequoia will be
receiving cash fees and stock options for services rendered.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact Information
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorresources.com
www.affinorresources.com
Contact Information
Momentum PR Inc
Max Gagne, President
(514) 913-0351
mgagnegodbout@momentumpr.ca
Contact Information, spokesperson
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com
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