Affinor Resources Inc.

Affinor Resources Inc.

March 14, 2007 14:25 ET

Affinor Resources Inc.: Affinor Closes a Private Placement.

LAVAL, CANADA--(CCNMatthews - March 14, 2007) - Affinor Resources Inc (TSX VENTURE:AFI) announces that it has closed a private placement of $ 322,800 or 2,152,000 units. Each unit is priced at $0.15 and made up of one common share and one share purchase warrant allowing the holder to subscribe to one common share at $0.30 for up to a year.

Proceeds from the placement are being used to fund the options on the Company's properties in Abitibi as well as for payment of fees relating to the recent and current missions in the Democratic Republic of Congo.

The transaction is subject to approval by regulatory authorities.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information presented in this release.

Contact Information

  • Affinor Resources Inc.
    Daniel Barrette
    Interim President