Clean Commodities Corp. Closes Brokered Flow-Through Share Financing
VANCOUVER, BC--(Marketwired - November 09, 2016) - Clean Commodities Corp. (TSX VENTURE: CLE) ("CLE" or the "Corporation") is pleased to report that it has closed its previously announced brokered flow-through share financing (the "Brokered Flow-Through Financing") for gross proceeds of $350,000.08.
The Brokered Flow-Through Financing and its terms were originally announced on November 1, 2016 and a fully-subscribed total of 4,117,648 flow-through shares were issued at an above-market price of $0.085 per flow-through share.
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.
Securities issued under the Brokered Flow-Through Financing are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.
Under the Brokered Flow-Through Financing, the Corporation paid $24,500 in finder's fees and issued 288,235 broker warrants, each warrant being exercisable for one common share of the Corporation at an exercise price of $0.085 for a period of 18 months from closing.
Subsequent to the Brokered Flow-Through Financing, the Corporation has a total of 68,968,845 common shares issued and outstanding.
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