Northwire Canada EditionMonday, October 19, 2026
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Financings

News Release

CSX · Price

Executive Summary

  • Clean Seed Capital Group Ltd. will issue 3,000,000 common shares at $0.25 per share to settle $750,000 of accrued lease, equipment rental, and advisory fees owed to creditor JDS Farms Ltd.
  • The transaction follows a prior $250,000 shares‑for‑debt deal disclosed on October 23 2025; combined, the two deals will increase insider Jason Schultz’s holdings to 21,520,355 shares plus 7,121,000 warrants (≈18.4% of outstanding shares undiluted).
  • Closing is contingent on TSX‑V acceptance and shareholder approval at the Annual General Meeting scheduled for January 7 2026; issued securities will be subject to a four‑month‑plus regulatory hold period.

Key Details

  • Shares Issued: 3,000,000 common shares
  • Issue Price: $0.25 per share (aggregate value $750,000)
  • Purpose: Settlement of accounts payable for accrued lease costs, agricultural equipment rental costs, and advisory fees.
  • Creditor/Counterparty: JDS Farms Ltd., controlled by an insider of Clean Seed.
  • Related Prior Transaction: October 23 2025 shares‑for‑debt transaction for $250,000 (same creditor).
  • Insider Beneficiary: Jason Schultz – will hold 21,520,355 shares and 7,121,000 share purchase warrants post‑closing.
  • Ownership Impact: ~18.4% of outstanding shares on an undiluted basis; ~23.1% assuming full exercise of warrants.
  • Regulatory Hold: Four months and one day per TSX Venture Exchange rules and applicable Canadian securities laws.
  • Exemptions Relied Upon: MI 61‑101 sections 5.5(b) and 5.7(1)(a) – valuation and minority shareholder approval exemptions for insider participation.
  • Closing Conditions: Acceptance by the TSX‑V and receipt of disinterested shareholder approvals at the AGM (January 7 2026) for creation of a new control person and issuance of shares to settle a non‑cash loan.

Notable Quotes

“ON BEHALF OF THE BOARD – Graeme Lempriere, Chairman and CEO”


Materiality Assessment: Material – Positive (the transaction materially alters the capital structure, reduces debt, and significantly increases insider ownership.)

Read the original news release →

More from None