Affinor Growers Inc. announced that it has issued up to 10,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 2,000,000 on June 24, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of CAD 0.30 per warrant share for a period of 24 months from the date of issuance.

The transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals including the approvals of the Canadian Securities Exchange. All the securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. The company may pay finder's fee to eligible arm's length finders in accordance with CSE policies and applicable securities laws.