Affinor Resources (CSE:AFI)(FRANKFURT:1AF)(PINKSHEETS:RSSFF) ("Affinor" or the
"Corporation) obtains approval of its change of business and close its
previously announced acquisition of a Medical Marijuana growers.


Affinor is very pleased to announce that it has received conditional approval
from the Canadian Securities Exchange (the "CSE") of its fundamental change of
business, which has also been overwhelmingly approved by the shareholders of the
Corporation at the special meeting held this day, and closed the acquisition of
a 100% interest in a private British Columbia company in the final stages of
obtaining their Medical Marijuana growers licence (the "New Subsidiary"),
previously announced in its May 9, 2014 press release (the "Acquisition").


This approval constitutes the last step of the Corporation plan to change its
primary focus from resource exploration to the agriculture, medical marijuana
and industrial hemp industries announced on March 25, 2014. The Board of
Directors and management of the Corporation believe that it has secured the
team, technology and production facility that can allow it to quickly enter
those fast and growing industries. Affinor has identified opportunities
throughout north America and is poised to capitalize on these opportunities very
quickly. The Corporation has filed a new listing statement on the CSE website
that provides detailed disclosure of the Corporation's new business and related
risk factors.


The Corporation expects that the CSE will publish a bulletin shortly to announce
the resumption of trading on May 26, 2014.


In relation with the Acquisition, the Corporation wishes to provide additional
disclosure pertaining to the licence application process of its New Subsidiary.
At this stage the New Subsidiary has filed its licence (the "Licence")
application with Health Canada, which identifies all the proposed personal
required under the Marihuana for Medical Purposes Regulations ("MMPR"), all of
which were principal and employees of the New Subsidiary prior to the
Acquisition. The new subsidiary expects the inspection and approval process to
be completed during the next quarter, however there is no specific timeline
established at this time. In addition to the general risk factors described in
Affinor new listing statement and although the Corporation is confident the New
Subsidiary will meet all requirements, it should be noted that there is no
guarantee the New Subsidiary will ever obtain a license under the MMPR.


As consideration for the Acquisition, Affinor issued an aggregate of 2,765,000
common shares, of which 2,500,000 were issued to Mr. Nick Brusatore (the
"Issuance"), a Related Person, in accordance with the terms of the share
exchange agreement dated May 8, 2014. An additional 2,435,000 common shares will
be issued upon the issuance of the Licence.


Shareholders also approved the adoption of a new form of articles, including the
proposed name change to "Affinor Growers Inc. / Les producteurs Affinor inc.",
with an expected effective date of May 30, 2014, the adoption Corporation's new
10% rolling stock option plan and the replacement of its minutes book. 


Nick Brusatore being a related party to Affinor within the meaning of Regulation
61-101 respecting Protection of Minority Security Holders in Special
Transactions (the "Regulation 61-101"). The Issuance will constituted a "related
party transaction" within the meaning of Regulation 61-101. However, the
directors of the Corporation determined that the exemptions from formal
valuation and minority approval requirements provided for respectively under
subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 could be relied on as
neither the fair market value of the securities issued in favour of the related
party nor the fair market value of the consideration paid for these securities
exceed 25% of the Corporation's market capitalization, the board of directors
having acted in good faith with respect to the determination of fair market
value of the transaction concerning the exemption threshold. 


All securities issued pursuant to the Acquisition will be subject to a hold
period ending September 24, 2014. 


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 as well as becoming a producer of other cash crops such as
Romaine lettuce and Strawberries. 


Further information regarding the Corporation can be found on SEDAR at
www.SEDAR.com or by visiting our profile on www.CNSX.ca. 


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

Affinor Growers (CSE:AFI)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Affinor Growers Charts.
Affinor Growers (CSE:AFI)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Affinor Growers Charts.