Government Of Canada Invests An Additional $425,000 Into Clean Seed (TSX-V: CSX) For Combined Investment Contribution Of $2,250,000

Posted Nov 28, 2016 in Blog & Industry News, News Releases

DOWNLOAD AS PDF

FEATURED NEWS

MINI-MAX™ Precision Seeding Program Nets 26% Yield Increase in India
Read More

Subscribe

Subscribe below to get the latest
industry and Clean Seed Capital news.


Sign Up

FEATURED NEWS

MINI-MAX™ Precision Seeding Program
Nets 26% Yield Increase in India

Subscribe

Get the latest industry
and Clean Seed Capital news.

November 28, 2016 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) – announces an additional investment of $425,000 from the Government of Canada in a strong show of support for our CX-6 SMART Seeder™ development and commercialization initiatives. This investment is in addition to the $1,825,000 contribution made on August 4th, 2016, bringing the Government of Canada available investment to date to $2,250,000.

******************** Government of Canada News Release ********************

From the Western Economic Diversification Canada release dated November 25, 2016. Western Innovation Initiative funding helps companies quickly move their ideas to market.

The Canadian agriculture sector gets a boost today though the Government of Canada’s investment of $425,000 to further develop and commercialize an innovative no-till seeding system, the CX-6 SMART Seeder. The funding was announced by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada.

Federal funding will enable Clean Seed Agricultural Technologies Ltd. to further develop the equipment using patented technology that will significantly enhance application control, reduce the over-application of fertilizer and pesticides, and lower fuel usage and input costs.

While the company is headquartered in Burnaby, British Columbia, testing will be conducted in Saskatchewan and the equipment will be manufactured in Manitoba. The federal contribution will be matched by Clean Seed Agricultural Technologies Ltd.

This investment is one of several successful projects to be announced under the Western Innovation (WINN) Initiative. The program provides $100 million in repayable contributions to small- and medium-sized companies in Western Canada. Eligible companies can apply for funding to support activities that move ideas to market more quickly.

"Clean Seed Agricultural Technologies Ltd. is an innovative leader in the development of advanced precision agricultural equipment aimed at modernizing and streamlining farm operations. The Government of Canada's investment in companies like this will generate growth in Western Canada and provide jobs for skilled workers."

- Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada

"We would like to express our appreciation to the Government of Canada for supporting the advancement and distribution of the CX-6 SMART Seeder. The continued support by the federal government over the years has played an important role in our evolution. We proudly welcome the financial support to launch our Canadian designed and developed CX-6 Smart Seeder domestically and internationally."

- Graeme Lempriere, Chief Executive Officer, Clean Seed Capital Group Ltd.

*****************End of Government of Canada News Release ******************

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 and visit our website at http://www.cleanseedcapital.com.

ON BEHALF OF THE BOARD “Graeme Lempriere” President, CEO

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 news release.

STAY UP TO DATE WITHTHE LATEST NEWS


Clean Seed Extends Warrants

May 3, 2023

MINI-MAX™ Precision Seeding Program Nets 26% Yield Increase in In

Apr 18, 2023

SHARE HOLDER UPDATE

Mar 31, 2023

Clean Seed Hosts Canadian Delegation in Special Event In India and MINI-MAX™ Specialized Corn Planting Demonstrations

Mar 1, 2023

AUSTRALIA APPROVES PATENT– CLEAN SEED BACK ON THE GROUND WITH PARTNERS IN INDIA

Feb 23, 2023

Clean Seed Capital Signs MOU with Mahindra and Mahindra Limited

Feb 13, 2023

CleanSeed | The World's Most Advanced Seeding and Planting Technology

Jan 25, 2023 - CrownsmenPartners

CLEAN SEED COMPLETES FINAL PHASE OF MINI-MAX™ TECHNOLOGY DEMONSTRATIONS IN INDIA

Nov 22, 2022

Clean Seed Capital Teams with Northern Farmers Producer Mega FPO to Launch 1,000 SMART Seeder Machines in India

Sep 12, 2022

Clean Seed’s documentary “Earth on the Edge – Save Our Soils” selected a finalist for the 48th Annual Alberta Film & Television Awards.

Sep 9, 2022

CLEAN SEED TO UNVEIL ITS FLAGSHIP SMART SEEDER MAX-S™ AT US FARM PROGRESS SHOW AND UPDATE

Aug 24, 2022

Farm Credit Canada Provides Production Financing For SMART Seeder™ MAX

Jul 18, 2022