Mr. Nick Brusatore Updates Early Warning Report Filing Regarding His Shareholdings in Affinor
June 18 2014 - 6:23PM
Marketwired Canada
Affinor Growers (CSE:AFI)(OTCQB:RSSFF) ("Affinor" or the "Corporation) reports
that Mr. Nick Brusatore, Suite 3 - 130 Brewstreet, Port Moodie, BC V3H 0E3,
announced that he has acquired an aggregate of 2,200,000 common shares of the
Corporation (each a "Share") at a price of $0.40 per Share pursuant to the
exercise of warrants for an aggregate cost of $880,000. They are currently
63,383,898 Shares issued and outstanding.
Prior to the acquisition of these Shares, Mr. Brusatore held directly and
indirectly 16,200,000 Shares, 2, 200,000 Share purchase warrants and 1,000,000
options, representing approximately 26.58% of Affinor's issued and outstanding
capital on an undiluted basis and 30.24% on a partially diluted basis. As a
result of this acquisition, Mr. Brusatore now holds directly and indirectly
17,800,000 Shares and 1,000,000 options, representing approximately 28.53% of
Affinor's issued and outstanding capital on an undiluted basis and 29.66% on a
partially diluted basis. Of the total securities holding in Affinor, 12,500,000
Shares and 1,000,000 options are held directly by Mr. Brusatore and 3,100,000
Shares indirectly through Vertical Designs Ltd. All securities are held for
investment purposes. Mr. Brusatore may in the future take such actions in
respect of its Shares and other as he deems appropriate in light of the market
circumstances then existing, including the potential purchase of additional
Shares through open market purchases or privately negotiated transactions, or
the sale of all or portion of such holdings in the open market or in privately
negotiated transactions to one or more purchasers.
There are no persons acting jointly or in concert with Mr. Brusatore with
respect to Mr. Brusatore's shareholdings in Affinor, nor has Mr. Brusatore
entered into any agreements in respect of its shareholdings in Affinor with any
person with which Mr. Brusatore acts jointly or in concert.
The above information has been provided to the Corporation by Mr. Brusatore for
inclusion in this news release.
This news release is issued pursuant to Multilateral Instrument 62-104, which
also requires a report to be filed with the Quebec, Ontario, British Columbia
and Alberta Securities Commissions containing information with respect to the
foregoing matters.
The Canadian Securities Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
FOR FURTHER INFORMATION PLEASE CONTACT:
Nick Brusatore
Chairman
Tel: (604) 356-0411
Email: nbrusatore@gmail.com
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