Affinor Resources Inc.

Affinor Resources Inc.

June 17, 2013 16:09 ET

Affinor Resources Inc. Closes $ 96,500 Private Placement and Acquires the Destor South Property

MONTREAL, QUEBEC--(Marketwired - June 17, 2013) - The management of Affinor Resources Inc. ("Affinor" or "Company") (CNSX:AFI) is pleased to announce that is has closed a non brokered private placement in the amount of $ 96,500, through the sale of 6,433,333 common shares priced at 0.015 $ each. Approximately 41 % of the common shares were acquired by related party members of the Company. The Company was granted an exemption to the CNSX minimum price rule.

The Company is pleased to annonce the acquisition of the Destor South Property. The Destor South property contains 7 mining claims and covers 325 hectares. According to the terms of the transaction, Affinor acquires 100 % of the 7 claims in exchange of the issuance of 985,000 common shares of the Company.

The Company has appointed Mr. Sébastien Plouffe to the position director, president and CEO of the Company taking over for Mr. Claude Veillette who will remain Chairman of the board of directors.

Mr. Plouffe graduated with a bachelor's degree in Business Administration from l'école des Hautes Études Commerciales (H.E.C. Montréal) in 1994. From 1995 to 2003, Mr. Plouffe was a successful investment adviser for various Canadian brokerage firms. Since 2006, he has been the president of Sédiamek Inc., a private company specializing in developing, structuring and financing projects. Mr. Plouffe has a vast international experience as managing partner over the world and in the recent years he built strong relationships in South America in the mining sector.

The Company wishes to announce the resignation of Mr. Sylvain Champagne as director of the Company effective June 14, 2013. The board thanks Mr. Champagne for his contribution and wish him good luck in his future endeavours.

About Affinor:

Affinor is a mineral exploration company with interests in various mineral properties in the Province of Quebec and whose objective is to develop mining projects.

Forward looking Statements: The statements contained in this release that describe objectives and expectations, may constitute forward-looking statements within the meaning of securities legislation. The Company cautions that, by their very nature, forward-looking statements involve risks and uncertainties and, therefore, a project or goal could not be achieved.

Neither the CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Martin Nicoletti, CPA, CGA
    Chief Financial Officer
    (514) 907-9016 (160)