Mr. Nick Brusatore Updates Early Warning Report Filing Regarding His Shareholdings in Affinor
June 18 2014 - 6:23PM
Marketwired
Mr. Nick Brusatore Updates Early Warning Report Filing Regarding
His Shareholdings in Affinor
MONTREAL, CANADA--(Marketwired - Jun 18, 2014) - Affinor Growers
(CSE:AFI)(OTCQB: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 2,200,000
common shares of the Corporation (each a "Share") at a price of
$0.40 per Share pursuant to the exercise of warrants for an
aggregate cost of $880,000. They are currently 63,383,898 Shares
issued and outstanding.
Prior to the acquisition of these Shares, Mr. Brusatore held
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. As a result of this
acquisition, Mr. Brusatore now holds directly and indirectly
17,800,000 Shares and 1,000,000 options, representing approximately
28.53% of Affinor's issued and outstanding capital on an undiluted
basis and 29.66% on a partially diluted basis. Of the total
securities holding in Affinor, 12,500,000 Shares and 1,000,000
options are held directly by Mr. Brusatore and 3,100,000 Shares
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 BrusatoreChairmanTel: (604) 356-0411Email:
nbrusatore@gmail.com
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