VANCOUVER, Dec. 13, 2017 /CNW/ - Clean Commodities Corp. (TSX VENTURE:CLE)(FRANKFURT:A2ALYM)("Clean Commodities" or the "Corporation") is pleased to report that is has closed the first tranche of its previously announced private placement (see news releases dated December 5, 2017 and November 30, 2017)(the "Financing") through the issuance of 17,870,000 units for gross proceeds of $1,340,250.00 (the "First Tranche").
The Corporation also advises that the balance of the remaining units of the Financing have been fully allocated and a final tranche closing is expected in the coming days.
The units issued in the First 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 First Tranche equal to 7% and issued finder's fee warrants equal to 7% on certain subscriptions within the First Tranche exercisable at a price of $0.10 for a two year period following closing.
Subsequent to the First Tranche, the Corporation has 98,105,511 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