Clean Commodities Corp. Closes $1,500,000 Financing
Dec 14, 2017, 17:30 ET
VANCOUVER, Dec. 14, 2017 /CNW/ - Clean Commodities Corp. (TSX VENTURE:CLE) (FRANKFURT:A2ALYM) ("Clean Commodities" or the "Corporation") is pleased to report that is has closed the second and final tranche of its previously announced private placement (see news releases dated December 5, 2017 and November 30, 2017) (the "Financing") through the issuance of 2,130,000 units for incremental gross proceeds of $159,750.00 (the "Second Tranche").
Yesterday, the Corporation announced the closing of the first tranche of the aforementioned Financing, being 17,870,000 units for gross proceeds of $1,340,250.00 (the "First Tranche") (see news release dated December 13, 2017, Clean Commodities Corp. Closes First Tranche of Financing).
The Corporation confirms that the First Tranche and Second Tranche, closed yesterday and today, respectively, totaled the previously announced 20,000,000 units in the Financing for aggregate gross proceeds of $1,500,000.00.
Investor demand for the Financing significantly exceeded the number of units available under the Financing and the Corporation wishes to extend its appreciation to all parties who expressed interest.
The units issued in the Second Tranche were issued pursuant the terms announced and are subject to a four month hold period per applicable Canadian securities laws.
The Corporation paid cash finder's fees on certain subscriptions within the Second Tranche equal to 7% and issued finder's fee warrants equal to 7% on certain subscriptions within the Second Tranche exercisable at a price of $0.10 for a two year period following closing.
Subsequent to the Second Tranche and the closing of the Financing, the Corporation has 101,235,511 shares outstanding.
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, 1-604-652-1710, [email protected], www.cleancommodities.com
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