VANCOUVER, Nov. 30, 2017 /CNW/ - Clean Commodities Corp. (TSX-V: CLE) ("Clean Commodities" or the "Corporation") announces that it intends to conduct a non-brokered private placement to raise gross proceeds of up to $1,200,000 (the "Financing") by way of the issuance of up to 20,000,000 common share units at a price of $0.06 per unit (the "Units").
Each Unit under the Financing will consist of one common share and one half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Corporation at a price of $0.12 per common share for a two year period from the closing date.
Net proceeds of the Financing will be used to advance the Corporation's exploration projects in Canada and for general working capital purposes.
Shares issued pursuant to the Financing will be subject to a four-month hold period pursuant to applicable securities laws of Canada.
The Corporation may pay cash finder's fees on subscriptions under the Financing equal to 7% and issue finder's fee warrants equal to 7% on subscriptions under the Financing exercisable at a price of $0.12 for a two year period following closing.
The Corporation advises that insiders of the Corporation may participate for greater than 25% of the Financing.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium and uranium projects. For more information, please visit www.cleancommodities.com.
Ryan Kalt, Chief Executive Officer
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.
SOURCE Clean Commodities Corp.
For further information: Ryan Kalt, Chief Executive Officer, 604-652-1710, [email protected], www.cleancommodities.com