VANCOUVER, BC--(Marketwired - November 21, 2016) - Clean Commodities Corp. (TSX VENTURE: CLE) ("Clean Commodities" or the "Corporation") announces that it intends to conduct a non-brokered private placement of up to 4,000,000 common share units at a price of $0.05 per unit (the "Units") to raise gross proceeds of up to $200,000 (the "Financing").
Each Unit under the Financing will consist of one common share and one half of a common share warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Corporation at a price of $0.10 per common share for a one year period from the closing date.
The Corporation advises that insiders of the Corporation may participate for greater than 25% of the Financing.
Shares issued pursuant to the Financing shall be subject to a four-month hold period pursuant to applicable securities laws of Canada.
Net proceeds of the Financing will be used to advance the Corporation's exploration projects and for general working capital purposes.
The Corporation may pay cash finder's fees on subscriptions of the Financing equal to 7%.
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.