Affinor Growers Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 1,000,000 on January 9, 2024. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.25 per warrant share for a period of 24 months from the date of distribution.

The company may pay a finder?s fee in connection with the transaction. Closing of the transaction is expected to occur as soon as practicable and may occur in one or more tranches. All securities issued in connection with the transaction will be subject to a statutory hold period of four months and one day following the date of issuance.