AI assistant
Clean Seed Capital Group Ltd. — Capital/Financing Update 2021
Mar 18, 2021
46751_rns_2021-03-17_fed6582c-216e-492a-86c9-08c82c9bc392.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [558 x 69] intentionally omitted <==
Clean Seed Provides Corporate Update
March 17, 2021 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) announces that related to its press release of February 22, 2021 whereby the Company announced it had filled the senior position of V.P. Operations and Product Development, the Company is granting 200,000 stock options to this V.P. exercisable at $0.50 per share until February 28, 2025. Clean Seed also has expanded its marketing department with additional personnel and has granted 75,000 stock options at $0.60 per share until December 31, 2023 to employees of the Company.
Further to the Company’s press releases of August 7, 2019, May 12, 2020, October 30, 2020 and January 29, 2021 regarding bonus warrants previously issued in connection with a promissory note, the Company has submitted an application to the TSX Venture Exchange (TSX-V) to replace 1,312,500 bonus warrants since expired in consideration of the extension of the promissory note and market price adjustments. The proposed bonus warrants will be exercisable at $0.64 per share until July 31, 2021 and are subject to TSXV approval.
ON BEHALF OF THE BOARD “Graeme Lempriere” Chairman and CEO
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX".
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves 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. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.
For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com.
Driving Technology Development in Modern Agriculture
2
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.
Driving Technology Development in Modern Agriculture