02:17:55 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Clean Seed Capital Group Ltd
Symbol CSX
Shares Issued 95,056,869
Close 2023-11-30 C$ 0.05
Market Cap C$ 4,752,843
Recent Sedar Documents

Clean Seed CEO talks PCT patent application process

2023-11-30 16:57 ET - Shareholders Letter

Mr. Graeme Lempriere reports

CLEAN SEED CAPITAL GROUP LTD. (TSX-V: CSX) SHAREHOLDER UPDATE

Dear valued shareholders,

On Nov. 21, 2023, Clean Seed Capital Group Ltd. announced that we successfully advanced our PCT patent application for our innovative residue management system. This system is seamlessly integrated into our ground-engaging seed and fertilizer delivery system, specifically within our ground engaging row unit. We have entered the national phase with initial applications submitted to the patent offices in Canada and the United States. The company will be submitting application to additional countries for this innovation which will be announced once completed.

We are pro-actively working to address the delay in our audited financial statements and settle matters with our previous auditor, to that end we have submitted a settlement offer to our former auditor and look for acceptance in the near future. The company is concurrently seeking financing to support the settlement proposal.

As previously announced, the company has been granted a management cease trade order by the British Columbia Securities Commission. The company is providing an update on the status of the filing of its annual financial statements, accompanying management's discussion and analysis, related CEO (chief executive officer) and CFO (chief financial officer) certifications and annual information form for the financial year ended June 30, 2023.

The company is continuing to work diligently and expeditiously to complete and file the annual filings and settle matters with our previous auditor.

The company intends to follow the provisions of the alternative information guidelines set out in National Policy 12-203 for so long as the annual filings are outstanding, including the issuance of biweekly default status reports in the form of news releases, all of which will be filed on SEDAR+. The company confirms that there is no other material information concerning the affairs of the company that has not been generally disclosed as of the date of this press release.

Regards,

Graeme Lempriere

Chairman and CEO

About Clean Seed Capital Group Ltd.

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

Clean Seed Capital Group 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. The company prides itself as a progress facilitator that turn solutions for modern agricultural problem into commercially viable products to fulfill new demand.

Clean Seed's Smart Seeder 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. Clean Seed Capital Group's innovations create a new class of highly accurate seeding equipment designed specifically for today's farmer.

We seek Safe Harbor.

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