VANCOUVER, Jan. 30, 2018 /CNW/ - Clean Commodities
Corp. (TSX VENTURE: CLE)(FRANKFURT: A2ALYM)("Clean Commodities"
or the "Corporation") is pleased to announce that it intends to
conduct a non-brokered private placement to raise gross proceeds of
up to $1,000,000 (the
"Financing") by way of the issuance of up to 6,666,667
common share units at a price of $0.15 per unit (the "Units").
Each Unit under the Financing will consist of one common share
and one half of a common share purchase warrant. Each whole warrant
will entitle the holder to purchase one additional common share of
the Corporation at a price of $0.25
per common share for a one year period from the closing date.
Net proceeds of the Financing will be used to advance the
Corporation's lithium projects in Canada and for general working capital
purposes.
Shares issued pursuant to the Financing will be subject to a
four-month hold period according to applicable securities laws of
Canada.
The Corporation may pay cash finder's fees on subscriptions
under the Financing equal to 7% and issue finder's fee warrants
equal to 7% on subscriptions under the Financing exercisable at a
price of $0.25 for a one year period
following closing.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company
involved in a diverse portfolio of clean commodity assets including
lithium and uranium projects. For more information, please visit
www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive
Officer
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Clean Commodities Corp.
