Vancouver, British Columbia
August 28, 2019
Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) announces that, further to its news release of August 7, 2019, it has completed a non-brokered private placement financing of 6,720,000 units of the Company (the “Units”) at $0.25 per Unit, for total gross proceeds of $1,680,000 (the “Offering”).
Each Unit is comprised of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to acquire one additional Common Share at $0.50 for 12 months from the date of issue.
The Company intends to use the proceeds of the financingfor the continued advancement of ongoing M&A activities,its SMART Seeder technology platform and for further technology advancements for all crop production sectors.
No finder’s fee were paid in connection with the Offering.
The Units and underlying securities are subject to the usual four months and a day hold period in accordance with applicable securities legislation and TSX Venturerequirements.
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