Mr. Nick Brusatore Announces Early Warning Report Filing Regarding his Shareholdings in Affinor
May 23 2014 - 6:40PM
Marketwired
Mr. Nick Brusatore Announces Early Warning Report Filing Regarding
his Shareholdings in Affinor
MONTREAL, CANADA--(Marketwired - May 23, 2014) - Affinor
Resources (CSE:AFI)(FRANKFURT:1AF)(PINKSHEETS:RSSFF) ("Affinor" or
the "Corporation) reports that Mr. Nick Brusatore, Suite 3 - 130
Brewstreet, Port Moodie, BC V3H 0E3, announced that he has acquired
an aggregate of 2,500,000 common shares of the Corporation (each a
"Share") at a price of $0.3525 per Share pursuant to upon the
exchange of all its securities of 09571-2 BC Ltd., in connection
with the completion of the Corporation's acquisition of 09571-2 BC
Ltd., for an aggregate acquisition cost of $881,250. They are
currently 60,953,898 Shares issued and outstanding.
Prior to the acquisition of these Shares, Mr. Brusatore held
directly and indirectly 13,700,000 Shares, 2, 200,000 Share
purchase warrants (each a "Warrant") and 1,000,000 options,
representing approximately 23.54% of Affinor's issued and
outstanding capital on an undiluted basis and 27.53% on a partially
diluted basis. As a result of this acquisition, Mr. Brusatore now
holds directly and indirectly 16,200,000 Shares, 2, 200,000 Share
purchase warrants and 1,000,000 options, representing approximately
26.58% of Affinor's issued and outstanding capital on an undiluted
basis and 30.24% on a partially diluted basis. Of the total
securities holding in Affinor, 12,500,000 Shares and 1,000,000 are
held directly by Mr. Brusatore and 3,700,000 Shares and 2,200,000
Warrants indirectly through Vertical Designs Ltd. All securities
are held for investment purposes. Mr. Brusatore may in the future
take such actions in respect of its Shares and other as he deems
appropriate in light of the market circumstances then existing,
including the potential purchase of additional Shares through open
market purchases or privately negotiated transactions, or the sale
of all or portion of such holdings in the open market or in
privately negotiated transactions to one or more purchasers.
There are no persons acting jointly or in concert with Mr.
Brusatore with respect to Mr. Brusatore's shareholdings in Affinor,
nor has Mr. Brusatore entered into any agreements in respect of its
shareholdings in Affinor with any person with which Mr. Brusatore
acts jointly or in concert.
The above information has been provided to the Corporation by
Mr. Brusatore for inclusion in this news release.
This news release is issued pursuant to Multilateral Instrument
62-104, which also requires a report to be filed with the Québec,
Ontario, British Columbia and Alberta Securities Commissions
containing information with respect to the foregoing matters.
The Canadian Securities Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release
Nick BrusatoreChairman(604) 356-0411nbrusatore@gmail.com
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