VANCOUVER, British Columbia, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF), a vertical farming technology and operations company with a commercial production facility in Abbotsford, BC, announces that it has entered into debt settlement agreements with certain creditors (the “Creditors”) to settle an aggregate of CAD$229,355 in debt (the “Debt”). In settlement of the Debt, the Company will issue an aggregate of 2,293,550 units of the Company (the “Units”) at a deemed price of $0.10 per Unit (the “Debt Settlement”), with each Unit to be comprised of one common share in the capital of the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share (a “Warrant Share”) at a price of $0.15 per Warrant Share for a period of twelve months from the issue date.
hello world
Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
