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.
