(TheNewswire)
July 18, 2022 – TheNewswire - Vancouver, British Columbia - Clean Seed CapitalGroup Ltd (“Clean Seed” or the “Company”)(TSXV:CSX ) and ( OTC:CLGPF) is pleased toannounce that it has entered into a loanagreement with Farm Credit Canada (“FCC”) to provide financing forthe 2023 production run of the SMART Seeder MAX.
“FCC has been a pillar of support forClean Seed over the years,” said Graeme Lempriere, Chief ExecutiveOfficer of Clean Seed. “We appreciate the work of the Winnipeg FCCteam in supporting our 2023 program and beyond.”
FCC is Canada’s leading agriculture and food lender,with a healthy loan portfolio of more than $44 billion. Theself-sustaining Crown corporation is recognized as one of country’stop employers with more than 2,000 employees in offices across Canada.
Under the loan agreement, Clean Seed may borrow$1,000,000 to fund production of the SMART Seeder MAX. Amountsborrowed bear interest of 8.45%, will be repayable from the proceedsof the sales of the 2023 SMART Seeder units and if not otherwiserepaid prior, will be due September 1, 2023.
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. arelisted on the TSX Venture Exchange and trade under the symbol"CSX” and are traded on the OTCQB Venture Market under thesymbol “ CLGPF ”.
We are a team of innovators and business managementprofessionals with a proven track record of game changing innovationand production of patented agricultural technologies at an incrediblyhigh level. We pride ourselves as progress facilitators that turnsolutions for modern agricultural problem into commercially viableproducts to fulfill new demand.
Clean Seed’s SMART Seeder™ technologies arerevolutionary seeding tools that utilize the unique synergy ofsophisticated electronic metering and intuitive software controlputting row-by-row variable rate technology at the forefront ofagricultural innovation. Our innovations create a new class of highlyaccurate seeding equipment designed specifically for today’sfarmer.
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For further information please contact Clean Seed at604-566-9895 and visit our website at 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. Clean Seeddisclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by law.
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