Financings
News Release

CSX · Price
Executive Summary
- Clean Seed Capital Group Ltd. is issuing a new secured convertible debenture of $330,000 principal, bearing 11% interest and maturing on December 31 2026.
- The issuance includes 500,000 detachable share purchase warrants (exercisable at $0.12 per share for one year) and the issuance of 500,000 shares at $0.10 each to extinguish $50,000 of accrued interest on the original debenture.
- All securities are subject to a four‑month‑plus‑one‑day regulatory hold period and closing is contingent upon TSX Venture Exchange approval.
Key Details
- Debenture Terms:
- Principal amount: $330,000
- Interest rate: 11% per annum
- Conversion price: $0.20 per common share (convertible at any time)
- Maturity date: December 31 2026
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Secured by a general charge over all Company assets and subsidiaries.
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Accrued Interest on Original Debenture:
- Total accrued interest as of Nov 30 2025: $96,525
- $50,000 of this accrued interest will be extinguished by issuing 500,000 shares at $0.10 per share (“Shares for Interest”).
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Remaining accrued interest payable at maturity.
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Warrants:
- Quantity: 500,000 detachable share purchase warrants
- Exercise price: $0.12 per common share
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Term: one year from issuance.
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Regulatory Hold & Closing Conditions:
- All securities (debenture, shares for interest, and warrants) subject to a four‑month‑plus‑one‑day hold period under TSX Venture Exchange rules and Canadian securities law.
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Closing contingent upon receipt of TSX Venture Exchange approval.
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Reference to Prior Issuance:
- The original $330,000 secured convertible debenture was issued in August 2022 (announced on Aug 24 2022) and matured in August 2025; the new issuance replaces it.
Notable Quotes
“ON BEHALF OF THE BOARD – Graeme Lempriere, Chairman and CEO”
(No additional executive commentary provided in the release.)
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Jun 16, 2026 · 09:00