(TheNewswire)
February 10, 2021 - TheNewswire- Vancouver, British Columbia - Clean SeedCapital Group Ltd. (“Clean Seed” or the “Company”) (TSXV:CSX) is pleased to announce the appointment of Steve Sommerfeld to its board ofdirectors.
Mr. Steve Sommerfeld, CPA, CA, was the original ChiefFinancial Officer of Ag Growth International Inc. (“AGI”) (TSX:AFN) starting in 1997 and serving until his retirement in 2020. AGI isan agricultural equipment manufacturer that started in Western Canadaand now has operations in Canada, the U.S., U.K., Brazil, Italy,France and India. As CFO and Executive Vice President, Mr.Sommerfeld worked with the Senior Executive Team to lead the companythrough organic growth and a series of 25 acquisitions that resultedin the company internationalizing its business and increasing revenuesfrom $2 million in 1997 to $1 billion in 2020. Mr. Sommerfeld oversawall aspects of the finance and accounting function at AGI andparticipated in investor relations and capital market activities. Mr.Sommerfeld holds a Bachelor of Commerce from the University ofSaskatchewan and is a Chartered Professional Accountant.
Graeme Lempriere, Chairman, CEO States “It is mydistinct privilege to welcome Mr. Steve Sommerfeld to our board ofdirectors. As we navigate rapid growth, Steve’s remarkable careerwill play an important role in supporting our business developmentstrategies. Our President, Gary Anderson, and Steve were part of thefounding dream team of AGI, one of Canada’s great AG sector successstories. To have both these veterans of industry onboard with CleanSeed Capital is an extraordinary achievement.”
Mr. Sommerfeld states “I am honoured to have beenasked to join the board of Clean Seed Capital Group. I have beenfollowing Clean Seed for several years and believe the Company isapproaching an inflection point in its development that will soon leadto product commercialization and exciting growth opportunities. Theteam at Clean Seed, led by Graeme Lempriere, is terrific and remindsme of the early days at AGI. I look forward with excitement to beingpart of their next chapter.”
Mr. Randy Minhas is kindly stepping down from the Boardof Directors of the Company to facilitate the appointment of Mr.Sommerfeld’s and to accommodate the expected increased timecommitment for his role as Chief Financial Officer of Blackrock GoldCorp. We would like to thank Randy for his steadfast support and wishhim much success with his new venture.”
The Company has granted Mr. Sommerfeld incentive stockoptions to acquire 200,000 shares of common stock at a price of $0.50per share until December 31, 2023.
Further to the Company’s news release of January 29,2021, the Company has received TSX Venture Exchange approval to extendthe expiry date of 5,915,000 of the 7,895,000 warrants sought forextension to July 31, 2021. These warrants are exercisable at $0.50per share. The Company has also submitted an application to extend theexpiry date to July 31, 2021 of the other 1,980,000 warrants whichwere originally issued as a bonus, exercisable at $0.50 per share, tomatch the extended maturity date of a related promissory note.
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".
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 ofhighly accurate seeding equipment designed specifically for today’sfarmer.
For further information please contact Clean Seed at604-566-9895 and visit 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.
Copyright (c) 2021 TheNewswire - All rights reserved.