Clean Seed Capital Announces $1,250,000 Non-brokered Private Placement

Core Viewpoint - Clean Seed Capital Group Ltd. has completed a non-brokered private placement, raising CDN $1,250,000 through the issuance of 12,500,000 units at a price of $0.10 per unit, with each unit consisting of one common share and one share purchase warrant [1][2]. Group 1: Financial Details - The gross proceeds from the offering will be allocated for working capital, inventory purchases, and debt extinguishment [2]. - The company has negotiated a shares-for-debt transaction, issuing 2,500,000 common shares at $0.10 per share to settle $250,000 of non-cash payables [2]. - An insider purchased 5,000,000 units in the offering and will receive the shares as part of the shares-for-debt transaction [4]. Group 2: Regulatory and Approval Aspects - All securities issued will be subject to a four-month regulatory hold period in accordance with TSX Venture Exchange rules [3]. - The offering and shares-for-debt transactions are subject to acceptance by the TSX-V, with the shares-for-debt closing contingent upon disinterested shareholder approval at the upcoming Annual General Meeting [5]. Group 3: Company Overview - Clean Seed is an agricultural technology company focused on commercializing its patented SMART Seeder™ technologies, which aim to reduce fertilizer usage while enhancing crop performance and farm profitability [7][8]. - The SMART Seeder™ system features advanced electronic metering and software control, allowing for row-by-row variable rate inputs, positioning it as a leading innovation in sustainable farming [8]. - The company has partnered with Mahindra, the largest tractor manufacturer by volume, to enhance its market reach and adoption [9].