(TheNewswire)
Vancouver, British Columbia - November18, 2021 – TheNewswire - Clean Seed Capital Group Ltd.(“ Clean Seed ” or the “ Company ”) (TSXV:CSX) is pleased to providean update on its financing activities. Further to its October 13, 2021Shareholders’ Update the Company continues to work with NationalBank Financial Inc. to secure significant growth and productionfinancing.
In the interim, the Company has closed a non-brokeredprivate placement for 2,857,145 Units of theCompany (the “Units”) at a price of $0.35 per Unit, for grossproceeds of $1,000,000 (the “Offering”). Each Unit consists of onecommon share and one common share purchase warrant (a “Warrant”).Each Warrant will entitle the holder to purchase one common share ofthe Company for a period of 12 months from the closing date of theOffering at a price of $0.50 per share. Inconjunction with the Offering, the Company will pay aggregatefinder’s fees of $14,280.
All securities to be issued pursuant to the Offeringwill be subject to a regulatory hold period of four months and a dayin accordance with the rules and policies of the TSX Venture Exchangeand applicable Canadian securities laws, and such other furtherrestrictions as may apply under foreign securities laws. Proceeds ofthe Offering will be used for general working capital.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on theTSX Venture Exchange and trade under the symbol "CSX".
We are a team of innovators and business management professionals witha proven track record of game changing innovation and production ofpatented agricultural technologies at an incredibly high level. Wepride ourselves as progress facilitators that turn solutions formodern agricultural problem into commercially viable products tofulfill new demand.
Clean Seed’s SMART Seeder™ technologies are revolutionary seedingtools that utilize the unique synergy of sophisticated electronicmetering and intuitive software control putting row-by-row variablerate technology at the forefront of agricultural innovation. Ourinnovations create a new class of highly accurate seeding equipmentdesigned specifically for today’s farmer.
For further information please contact Clean Seed at 604-566-9895 andvisit our website at http://www.cleanseedcapital.com.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release .
This press release is not an offer or a solicitation ofan offer of securities for sale in the United States. The commonshares of Clean Seed Capital Group Ltd. have not been and will not beregistered under the U.S. Securities Act of 1933, as amended, and maynot be offered or sold in the United States absent registration or anapplicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION:
This news release includes certain “forward-lookingstatements” as defined under applicable Canadian securitieslegislation. All information and statements contained herein that arenot clearly historical in nature constitute forward-lookinginformation, and the words “anticipate”, “estimate”,“believe”, “continue”, “could”, “expects”,“intend”, “plans”, "postulates","predict", “will”, “may” or similar expressionssuggesting future conditions or events or the negative of these termsare generally intended to identify forward-looking information.Forward-looking statements are necessarily based upon a number ofestimates and assumptions that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. There is noassurance that the funds realized under the Offering will be spent inthe manner contemplated or that the production financing sought willbe secured. Clean Seed disclaims any intention or obligation to updateor revise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required by law.
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