The Conversation (0)
Clean Commodities (TSXV:CLE) has announced its intentions to conduct a non-brokered private placement of up to 4 million common shares at $0.05 each for gross proceeds of up to $200,000. As quoted in the press release: Each Unit under the Financing will consist of one common share and one half of a common share warrant. …
Clean Commodities (TSXV:CLE) has announced its intentions to conduct a non-brokered private placement of up to 4 million common shares at $0.05 each for gross proceeds of up to $200,000.
As quoted in the press release:
Each Unit under the Financing will consist of one common share and one half of a common share 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 for a one year period from the closing date.
The Corporation advises that insiders of the Corporation may participate for greater than 25% of the Financing.
Shares issued pursuant to the Financing shall be subject to a four-month hold period pursuant to applicable securities laws of Canada.
Net proceeds of the Financing will be used to advance the Corporation’s exploration projects and for general working capital purposes.