13:44:42 EST Sat 22 Nov 2025
Enter Symbol
or Name
USA
CA



Clean Seed Capital Group Ltd
Symbol CSX
Shares Issued 111,541,268
Close 2025-11-20 C$ 0.09
Market Cap C$ 10,038,714
Recent Sedar Documents

Clean Seed Capital amends promissory notes

2025-11-21 19:32 ET - News Release

Mr. Graeme Lempriere reports

Clean Seed Capital Group Ltd. has now amended all of its promissory notes in the aggregate principal amount of $4,670,579. As a result of the amendments the promissory notes will mature on Dec. 31, 2026. Pursuant to its news release dated Oct. 31, 2025, the company previously announced amendments to notes in the principal amount of $1,060,500. The company has entered into additional amending agreements for its remaining promissory notes in the principal amount of $3,610,259.

The loan amendments resulted in extensions to the maturity date, modifications to the interest rates and security of certain notes. Notes in the principal amount of:

  • $1,933,000 had their interest rate decreased from 18 per cent to 11 per cent per annum;
  • $800,000 had their interest rate increased from 8 per cent to 11 per cent per annum;
  • $35,000 were granted general security interests in the assets of the company.

As a result of the loan amendments and the previous modification announced on Oct. 31, 2025, the interest rates of the promissory notes of the company are as follows:

  • Notes in the principal amount of $3,893,500 bear interest a rate of 11 per cent per annum.
  • One note in the principal amount of $777,259 bears interest at a rate of 12 per cent per annum.

Interest shall be payable upon maturity of the promissory notes. The company extinguished interest of $904,325.66 through the issuance of common shares as announced in the news release dated Oct. 31, 2025.

As a result of the loan amendments, the security classification of the promissory notes of the company is as follows:

  • Notes in the principal amount of $3,718,500 are secured.
  • Notes in the principal amount of $952,259 are unsecured.

As consideration for the loan amendment, the company will issue 9,910,666 bonus share purchase warrants to the noteholders. Each bonus warrant will entitle the noteholder to purchase one common share of the company at a price of 25 cents per share for one year from issuance. Each bonus warrant is non-transferable and shall expire Nov. 21, 2026. These bonus warrants are separate from the 2,121,000 bonus share purchase warrants issued pursuant to the news release dated Nov. 3, 2025.

All securities to be issued pursuant to the bonus warrants 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.

Two insiders will receive 858,773 bonus warrants pursuant to the loan amendments. 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, contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

The loan amendments and bonus warrants are subject to the acceptance of the TSX-V.

About Clean Seed Capital Group Ltd.

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

The company 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 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. The company's innovations create a new class of highly accurate seeding equipment designed specifically for today's farmer.

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