(TheNewswire)
Vancouver, British Columbia / TheNewswire / December 29, 2017 - Clean Seed Capital
Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) announces it has closed a non-brokered private placement for
1,735,000 Units of the Company (the "Units") at a price of $0.50 per Unit, for gross proceeds of CDN $867,500 (the "Offering").
Each Unit consists of one common share and one common share purchase warrant (a “Warrant"). Each Warrant will entitle the holder to
purchase one common share of the Company for a period of 12 months from the closing date of the Offering at a price of $0.75 per
share, provided that in the event the closing price the Company’s common shares is equal to or greater than $1.00 per share for
five consecutive trading days, the Issuer may by notice reduce the remaining exercise period of the Warrants to not less than 30
days.
In conjunction with the Offering, the Company will pay aggregate finder’s fees of $25,025 and 50,050 finder’s
warrants. Each finder’s warrant will entitle the holder to acquire one common share of the Company at $0.50 for twelve months
from the closing date of the Offering.
All securities to be issued pursuant to the Offering will be subject to a regulatory hold period of four months
and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such
other further restrictions as may apply under foreign securities laws.
Proceeds of the Offering will be used for the production of the CX-6 SMART Seeder, ongoing development and
general working capital.
The Company also advises it has granted 904,000 options to its employees and consultants and 200,000
options to its directors and offices. All options granted are exercisable into common shares at prices between $0.48 and $0.50, all
for a term of five years.
About Clean Seed Capital Group Ltd.
Clean Seed is driving technology development in modern agriculture by rapidly designing, patenting and
producing highly advanced seeding and planting technologies. We are the creators of the world’s first and only award winning
SMART Seeder ™ technology, which is secured by our portfolio of intellectual property. Our CX-6 SMART
Seeder ™ has set the seeding equipment benchmark by enabling true execution of high resolution
seeding prescriptions at each square foot of the field to suit soil conditions and fulfill agronomist recommendations, an industry
first!
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the
symbol "CSX". 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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