Clean Commodities Corporation: Arranges Financing
15.07.2016 | FSCwire
Vancouver - Clean Commodities Corporation (TSX-V: CLE) (“CLE” or the “Corporation”) is pleased to announce a non-brokered private placement to raise up to $250,000 (the “Financing”) through the issuance of up to 2,500,000 units (a “Common Share Unit”) at price of $0.10 per unit.Each Common Share Unit will consist of one common share and one common share warrant. Each warrant will entitle the holder to purchase one additional common share of the Corporation at a price of $0.25 per common share for a period of one year from the closing date.
Proceeds of the Common Share Units shall be used for the acquisition of additional mineral tenure (including, without limitation, the Corporation’s Labrador Trough Project in Quebec (see MERN-Gestim)) and for general working capital purposes.
The Corporation may pay cash finder’s fees equal to 7% of the gross proceeds of the Common Share Units and issue non-transferrable finder’s fee warrants equal to 7% of the gross proceeds of the Common Share Units which in turn may be exercised at a price of $0.10 per finders warrant for a 12 month period following closing.
Shares issued pursuant to the Financing shall be subject to a four-month hold period pursuant to applicable securities laws of Canada.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium and PGE projects. For more information, please visit www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
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 release.
Contact Info:
Clean Commodities Corp.
Ryan Kalt, Chief Executive Officer
604-652-1710
info@cleancommodities.com
www.cleancommodities.com