Vancouver - Clean Commodities Corp. (TSX-V: CLE) (“Clean Commodities” or the “Corporation”) reports that is has closed the first tranche of its private placement previously announced on July 15, 2016 through the issuance of 1,300,000 units for gross proceeds of $130,000 (the “First Tranche”). The units issued in the First Tranche were issued on the terms originally announced and are subject to a four month hold period pursuant to applicable securities laws of Canada.
Subsequent to the First Tranche, the Corporation has 63,651,197 shares outstanding.
The Corporation paid cash finder’s fees equal to 7% on certain proceeds within the First Tranche and issued non-transferrable finder’s fee warrants equal to 7% on certain proceeds within the First Tranche, the finder’s fee warrants being exercisable at a price of $0.10 per finders warrant for a 12 month period following closing.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium and PGE projects. For more information, please visit www.cleancommodities.com.
Signed,
Ryan Kalt Chief Executive Officer
Forward-Looking Statements: 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.
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Vancouver - Clean Commodities Corp. (TSX-V: CLE) (“Clean Commodities” or the “Corporation”) reports that is has closed the first tranche of its private placement previously announced on July 15, 2016 through the issuance of 1,300,000 units for gross proceeds of $130,000 (the “First Tranche”). The units issued in the First Tranche were issued on the terms originally announced and are subject to a four month hold period pursuant to applicable securities laws of Canada.
