Financings
News Release

CSX · Price
Executive Summary
- Clean Seed Capital Group Ltd. closed a financing package consisting of a $330,000 secured convertible debenture, 500,000 detachable share purchase warrants, and the issuance of 500,000 shares to extinguish accrued interest.
- The debenture bears 11% interest, matures on December 31 2026, and is convertible into 1,650,000 common shares at $0.20 per share.
- Warrants are exercisable at $0.12 per share for one year; the “shares for interest” were issued at $0.10 per share to cancel $50,000 of accrued interest.
Key Details
- Secured Convertible Debenture – Principal amount: $330,000; Interest rate: 11%; Maturity: December 31 2026; Conversion price: $0.20/share; Converts into 1,650,000 common shares; Secured by a general charge over all assets.
- The debenture replaces an earlier secured convertible debenture that matured in August 2025.
- Share Purchase Warrants – 500,000 detachable warrants issued; each warrant allows purchase of one common share at $0.12 per share; term of one year from issuance.
- Shares for Interest – 500,000 shares issued at $0.10 per share to extinguish $50,000 of accrued interest on the debenture.
- All securities are subject to a four‑month‑plus‑one‑day regulatory hold period under TSX Venture Exchange rules and applicable Canadian securities laws.
- Transactions were conducted with an arms‑length party.
Notable Quotes
“Graeme Lempriere” – Chairman and CEO, on behalf of the Board. (No additional commentary provided.)
More from None
Jun 16, 2026 · 09:00