(TheNewswire)
November 28, 2016 / TheNewswire / Vancouver, British Columbia – Clean Seed Capital
Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) – announces an additional investment of $425,000 from the Government of
Canada in a strong show of support for our CX-6 SMART Seeder™ development and commercialization initiatives. This investment
is in addition to the $1,825,000 contribution made on August 4th, 2016, bringing the Government of Canada
available investment to date to $2,250,000.
******************** Government of Canada News Release ********************
From the Western Economic Diversification Canada release dated November 25, 2016. Western Innovation
Initiative funding helps companies quickly move their ideas to market.
The Canadian agriculture sector gets a boost today though the Government of Canada’s investment of $425,000 to
further develop and commercialize an innovative no-till seeding system, the CX-6 SMART Seeder. The funding was announced by the
Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic
Diversification Canada.
Federal funding will enable Clean Seed Agricultural Technologies Ltd. to further develop the equipment using patented
technology that will significantly enhance application control, reduce the over-application of fertilizer and pesticides, and lower
fuel usage and input costs.
While the company is headquartered in Burnaby, British Columbia, testing will be conducted in Saskatchewan and the
equipment will be manufactured in Manitoba.
The federal contribution will be matched by Clean Seed Agricultural Technologies Ltd.
This investment is one of several successful projects to be announced under the Western Innovation (WINN) Initiative. The program provides $100 million in repayable
contributions to small- and medium-sized companies in Western Canada. Eligible companies can apply for funding to support
activities that move ideas to market more quickly.
"Clean Seed Agricultural Technologies Ltd. is an innovative leader in the development of advanced precision
agricultural equipment aimed at modernizing and streamlining farm operations. The Government of Canada's investment in companies
like this will generate growth in Western Canada and provide jobs for skilled workers."
- Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister
responsible for Western Economic Diversification Canada
"We would like to express our appreciation to the Government of Canada for supporting the advancement and
distribution of the CX-6 SMART Seeder. The continued support by the federal government over the years has played an important role
in our evolution. We proudly welcome the financial support to launch our Canadian designed and developed CX-6 Smart
Seeder domestically and internationally."
- Graeme Lempriere, Chief Executive Officer, Clean Seed Capital Group Ltd.
*****************End of Government of Canada News Release ******************
About Clean Seed Capital Group
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the
symbol "CSX". Clean Seed Capital Group Ltd is at the forefront of an agricultural shift to unparalleled high definition seeding
technologies.
Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented
technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most
recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder, which is
an industry first!
The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm equipment
market.
For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
President, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United
States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from
registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities
legislation. Forward-looking statements herein include, but are not limited to, statements with respect to the future
manufacture and sale of equipment. Forward-looking statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those expressed or implied by such forward-looking statements.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, there is no assurance the manufacturing and sales targets
outlined herein will be met; and readers should not place undue reliance on forward-looking statements. Clean Seed disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
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