Clean Commodities Corp. Announces $350,000 Brokered Flow-Through Share Financing
VANCOUVER, BC--(Marketwired - November 01, 2016) - Clean Commodities Corp. (TSX VENTURE: CLE) ("Clean Commodities" or the "Corporation") is pleased to announce that it has arranged a brokered flow-through financing (the "Flow-Through Financing") consisting of up to 4,117,648 flow-through shares (the "Flow-Through Shares") at an above-market price of $0.085 per flow-through share for gross proceeds of up to $350,000.08.
The Corporation intends to use the proceeds of the Flow-Through Financing to fund exploration work at its Labrador Trough Project in Quebec, and/or other exploration opportunities as its project portfolio in Quebec presents.
Clean Commodities engaged Secutor Capital Management Corp. to conduct the Flow-Through Financing. The Corporation has agreed to pay a 7% cash fee on the gross proceeds of the Flow-Through Financing and issue non-transferrable common share brokers warrants equal to 7% of the total Flow-Through Financing exercisable at $0.085 for an 18 month period following closing.
Shares issued pursuant to the Flow-Through Financing shall be subject to a four-month hold period pursuant to applicable securities laws of Canada.
About Clean Commodities Corp.
Clean Commodities Corp. (TSX VENTURE: CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium, and PGE projects. For more information, please visit www.cleancommodities.com.
Ryan Kalt, Chief Executive Officer
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.
Chief Executive Officer