June 22, 2018 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) announces it has closed a non-brokered private placement for 3,210,000 common shares of the Company (the “Shares”) at a price of $0.50 per Share, for gross proceeds of CDN $1,605,000 (the “Offering”).
In conjunction with the Offering, the Company will pay aggregate finder’s fees of $71,700 and 143,400 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.
The Company intends to use the proceeds of the Offering for the production of the CX-6 SMART Seeder, project development, business development and general working capital.