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. amended all outstanding promissory notes (total principal $4,670,579), extending maturity to December 31 2026 and adjusting interest rates and security terms.
  • As consideration, the company will issue 9,910,666 bonus share purchase warrants at $0.25 per share, exercisable for one year; two insiders receive 858,773 of these warrants.
  • The amendments result in a new interest profile (majority at 11% p.a., one note at 12% p.a.) and re‑classification of $3,718,500 of notes as secured and $952,259 as unsecured.

Key Details

  • Total Promissory Notes Amended: $4,670,579 (previous amendment on Oct 31 2025 covered $1,060,500).
  • Maturity Extension: All notes now mature on December 31 2026.
  • Interest Rate Adjustments:
  • $1,933,000 – reduced from 18% to 11% p.a.
  • $800,000 – increased from 8% to 11% p.a.
  • Remaining notes ($3,893,500) bear 11% p.a.; one note of $777,259 bears 12% p.a.
  • Security Re‑classification:
  • Secured notes: $3,718,500 total principal.
  • Unsecured notes: $952,259 total principal.
  • Interest Extinguishment: $904,325.66 of accrued interest previously extinguished via issuance of common shares (Oct 31 2025 release).
  • Bonus Warrants Issued: 9,910,666 warrants at $0.25 per share, non‑transferable, expiring November 21 2026; subject to a four‑month‑plus‑one‑day regulatory hold period on the TSX Venture Exchange.
  • Insider Participation: Two insiders receive 858,773 of the bonus warrants under MI 61‑101 exemptions (valuation and minority shareholder approval).
  • Previous Bonus Warrants: Additional 2,121,000 warrants issued per Nov 3 2025 release (separate from current issuance).
  • Regulatory Acceptance: Loan amendments and warrant issuances are pending acceptance by the TSX‑V.

Notable Quotes

“On behalf of the Board” – Graeme Lempriere, Chairman and CEO.

Read the original news release →

More from None