Non-Brokered Private Placement Announcement

Posted Oct 31, 2013 in News Releases



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October 31, 2013 – Clean Seed Capital Group Ltd. (the “Company”) (TSX-V: CSX) wishes to announce a private placement of up to 5,200,000 units of the Company (“Units”) at a price of $0.25 per Unit for gross proceeds of up to $1,300.000. Each Unit consists of one common share and one common share purchase warrant (a “Warrant"). Each whole Warrant will entitle the holder to purchase one common share of the Company for a period of 24 months from the closing date at a price of $0.35 per share in the first 12 months and $0.45 in the 12 months thereafter.

The Company has closed the first tranche closing of the Private Placement. The Company has raised an aggregate $230,250 through issuance of 921,000 Units in the first tranche closing.

A finder’s fee of $18,420 and 73,680 broker warrants was paid in connection with the first tranche closing of the Private Placement. The securities issued in relation to the first tranche closing are subject to regulatory four month hold period expiring March 1, 2014.

The Company expects to close on the balance within days.

The proceeds from this financing will be used for general working capital purposes and the continued development of the CX-6 Crossover drill.


“Graeme Lempriere”

CEO, President and Director



Not for distribution in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in any jurisdiction. None of the Company’s securities are registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any states of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.

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.


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