CLEAN SEED CAPITAL GROUP LTD. ("CSX")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: July 25, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 13, 2014:
Number of Shares: 2,500,000 shares
Purchase Price: $0.60 per share
Warrants: 2,500,000 share purchase warrants to purchase 2,500,000 shares
Warrant Exercise Price: $0.85 in the first year
$1.25 in the second year
Number of Placees: 49 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Marvelle Capital Corporation (Graeme Lempriere) Y 119,667
Aggregate Pro Group Involvement P 83,667
[5 placees]
Agents' Fees: $86,267.48 cash and 78,679 options payable to Industrial Alliance Securities Inc.
29,450 options payable to Canaccord Genuity Corp.
833 options payable to GMP Securities L.P.
4,250 options payable to Leede Financial Markets Inc.
26,893 options payable to EuroPacific Canada Inc.
1,675 options payable to National Bank Financial
2,000 options payable to First Republic Capital Corp.
- Agent's fee options are exercisable at $0.60 per share for 18 months.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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