Affinor Growers Inc.

Affinor Growers Inc.

September 11, 2015 16:20 ET

Affinor Growers Closes Financing for a Total Gross Proceed of $755,000

MONTREAL, CANADA--(Marketwired - Sept. 11, 2015) - Affinor Growers (CSE:AFI)(FRANKFURT:1AF)(OTCQB:RSSFF) ("Affinor" or the "Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, is pleased to announce the closing of the financing, previously announced on August 24, 2015, of 15,100,000 units at $0.05 for a gross proceed of $755,000.

Under the terms, 15,100,000 shares are issued for a gross proceed of $755,000. In connection with the financing, finder's fee of $8,750 is payable to a third party as well as $10,500 to Haywood Securities Inc. The management and board directors of Affinor participate for $215,000 in the financing.

The Corporation has also agreed to settle a total of $126,785 of debt relating to Dr. Bruce Bedrick by issuing an aggregate of 2,535,700 common shares of Affinor at a deemed price of five cents per share. Dr. Bedrick warrants are repriced at ten cents, with the same maturity date of October 16, 2017.

About Affinor Growers Inc.

Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol ("AFI"). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.

On Behalf of the Board of Directors


Sebastien Plouffe, President & CEO

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release


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 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.

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