July 19, 2024 – TheNewswire – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”)(NEX: CSX.H) has applied for and received from the British Columbia Securities Commission (“BCSC”) a partial revocation of the failure-to-file cease trade order (“FFCTO”) that was issued by the BCSC against the Company on January 5, 2024, for failing to file certain outstanding continuous disclosure documents in a timely manner.

The partial revocation order allows the Company to undertake a non-brokered private placement to raise up to $250,000 (the “Offering”) through the sale of promissory notes (“Notes”) having the following terms:

(i)  the Notes will mature 12 months from the date of issuance;

(ii)  the Notes will bear interest at the rate of 18% per annum until maturity; and

(iii)  the Notes will not be secured against any assets of the Company and will rank subordinate to certain existing secured debt instruments of the Company.

In addition, the Company will issue bonus shares to each investor in such maximum amount as may be approved by the TSX Venture Exchange following reinstatement of the Company’s Shares for trading.  There is no assurance the TSXV will approve the issuance of any bonus shares.

No commissions or finders’ fees will be paid in connection with the Offering.

The Company intends to use the proceeds from the Offering to prepare and file all outstanding financial statements and continuous disclosure records, pay all outstanding related fees and penalties, meet certain financial obligations and to continue operations, at which time the Company will apply for full revocation of the FFCTO.  In accordance with applicable securities legislation, the Notes issued pursuant to the Offering will be subject to a hold period of four months and a day from the date of issuance.  All of the Company's securities issued in connection with the Offering, will remain subject to the FFCTO until it is fully revoked. The granting of the partial revocation order by the BCSC does not guarantee the issuance of a full revocation order in the future.

ON BEHALF OF THE BOARD

“Graeme Lempriere”

Chairman and Chief Executive Officer  

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group Ltd. are listed on the NEX branch of the TSX Venture Exchange and trade under the symbol "CSX.H".

We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at a high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problems into commercially viable products to fulfill new demand.

Clean Seed’s SMART Seeder™ technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation.  Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.

For further information please contact Clean Seed at This email address is being protected from spambots. You need JavaScript enabled to view it. and visit our website at www.cleanseedcapital.com.  

Neither the TSX Venture Exchange, the NEX nor their 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.