Affinor Resources Closes Second and Final Tranche of Financing for a Total Gross Proceed Overall of $2.5 Million, Hired Sequoia
April 23 2014 - 6:03PM
Marketwired
Affinor Resources Closes Second and Final Tranche of Financing for
a Total Gross Proceed Overall of $2.5 Million, Hired Sequoia
MONTREAL, QUEBEC--(Marketwired - Apr 23, 2014) - 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.
Contact InformationSebastien PlouffePresident & CEO(514)
947-2272splouffe@affinorresources.comwww.affinorresources.comContact
Information, spokespersonVertical Designs LtdNick Brusatore,
CEO(604) 356-0411nbrusatore@gmail.comContact InformationMomentum PR
IncMax Gagne, President(514)
913-0351mgagnegodbout@momentumpr.ca
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