Clean Commodities Corp. Closes Second and Final Tranche of Private Placement
11.08.2016 | FSCwire
Vancouver - Clean Commodities Corp. (TSX-V: CLE) (“Clean Commodities” or the “Corporation”) reports that is has closed the second and final tranche of its private placement previously announced on July 15, 2016 (the “Private Placement”) through the issuance of 1,200,000 units for further gross proceeds of $120,000 (the “Second Tranche”). The units issued in the Second Tranche were issued on the terms originally announced and are subject to a four month hold period pursuant to applicable securities laws of Canada. Each unit of the Private Placement consisted of one common share and one common share purchase warrant entitling the warrant holder to purchase one additional common share of Clean Commodities at a price of $0.25 per common share for a period of one year following closing.The Corporation advises that demand for the Private Placement exceeded availability.
Subsequent to the Private Placement, which is inclusive of the First Tranche as announced on August 2, 2016 and the Second Tranche announced herein, the Corporation has 64,851,197 common shares outstanding.
The Corporation paid cash finder’s fees equal to 7% on certain proceeds within the Second Tranche and issued non-transferrable finder’s fee warrants equal to 7% on certain proceeds within the Second Tranche, the finder’s fee warrants being exercisable at a price of $0.10 per finders warrant for a 12 month period following closing.
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:
Ryan Kalt, Chief Executive Officer
604-652-1710
info@cleancommodities.com
www.cleancommodities.com