Clean Seed SMART Seeder™ initiative receives $1.825M contribution from Government of Canada
Vancouver, British Columbia – August 4, 2016 – Clean Seed Capital Group Ltd. (“CSC”) (TSXV: CSX), announces that Clean Seed Agricultural Technologies Ltd. (the “Company”), has entered into a Financial Contribution Agreement with the Government of Canada whereby it will receive a zero interest loan of up to $1,825,000 to support the commercialization, production and distribution of the Company’s CX-6 Smart Seeder. This repayable contribution supports our Canadian based production and will lead to the creation of skilled Canadian based employment.
“We would like to express our appreciation to Canada’s Agriculture Minister Mr. Lawrence MacAulay for supporting the commercialization of the CX-6 Smart Seeder. The sustained support by various government agencies over the years has played an important role in our evolution. We proudly welcome the resolute financial support of our government to launch our Canadian designed and developed CX-6 Smart Seeder both here at home and abroad” said Graeme Lempriere, CEO of Clean Seed.
About Clean Seed Capital Group
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". Clean Seed Capital Group Ltd is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.
Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder, which is an industry first!
The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm equipment market.
For further information please contact Clean Seed at 604-566-9895 or The Howard Group at 1-888-221-0915 and visit our website at http://www.cleanseedcapital.com.
ON BEHALF OF THE BOARD