Clean Commodities Corp. Increases Financing by Amendment
Dec 05, 2017, 07:30 ET
VANCOUVER, Dec. 5, 2017 /CNW/ - Clean Commodities Corp. (TSX-V: CLE) ("Clean Commodities" or the "Corporation") advises that as a result of the TSX Venture Exchange (the "TSXV") requiring certain amendments (the "TSXV Amendments") to the Corporation's previously announced financing (see news release dated November 30, 2017), the Corporation reports that it has amended the proposed Financing to raise, on a non-brokered basis, gross proceeds of up to $1,500,000 (previously $1,200,000)(the "Unit Financing") by way of the issuance of up to 20,000,000 common share units at a price of $0.075 per unit (previously $0.06)(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 $0.10 per common share (previously $0.12) for a two year period from the closing date.
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 $0.10 (previously $0.12) for a two year period following closing.
The remainder of the information previously disclosed by way of the financing news release dated November 30, 2017 remains unchanged.
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
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