16:51:32 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Clean Seed Capital Group Ltd
Symbol CSX
Shares Issued 92,852,974
Close 2023-10-16 C$ 0.10
Market Cap C$ 9,285,297
Recent Sedar Documents

Clean Seed receives TSX-V approval for share issuances

2023-10-17 02:45 ET - News Release

Mr. Graeme Lempriere reports

Further to the news release of Oct. 11, 2023, Clean Seed Capital Group Ltd. has received TSX Venture Exchange acceptance for the following issuances of common shares of the company:

  • 428,571 bonus shares issued in connection with the company's issuance of promissory notes for gross proceeds of $150,000; the notes will mature 12 months from the date of issue and bear interest at the rate of 18 per cent per annum, which interest the company may elect to satisfy by the issuance of shares subject to acceptance of the TSX-V in each instance; funds will be used for working capital purposes; there are two noteholders, both of whom are arm's-length parties;
  • 675,324 shares, at a deemed price of eight cents per share, issued to settle accrued interest of $54,026 in relation to the promissory notes announced in the news release of April 21, 2023; there are three noteholders, one of whom is an insider of the company; the insider will receive 114,366 shares to settle accrued interest of $9,149, correcting the amount in the Oct. 11, 2023, news release; the company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) under sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such related-party transaction.

The shares issued will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX-V and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed are listed on the TSX Venture Exchange and trade under the symbol CSX.

Clean Seed is a team of innovators and business management professionals with a proven record of game-changing innovation and production of patented agricultural technologies at an incredibly high level. It prides itself as progress facilitators who turn solutions for modern agricultural problems into commercially viable products to fulfill new demand.

Clean Seed's Smart Seeder Max technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control, putting row-by-row variable-rate technology at the forefront of agricultural innovation. Its innovations create a new class of highly accurate seeding equipment designed specifically for today's farmer.

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