Clean Commodities Announces Financing

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.

Click here to read the full press release.