September 21, 2016 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) - the Company announces that it has granted 364,000 incentive stock options to directors, officers, and employees of the Company. Each option permits the grantee to acquire one common share of the Company at a price of $0.35 per share and expires five years from the date of the grant.
The Company also intends to amend 706,097 outstanding incentive stock options which were granted on September 28, 2011, November 19, 2011, January 29, 2012 and April 9, 2012. The Company wishes to increase the exercise price of these incentive stock options from $0.30 to $0.35 per share, and extend the expiry date to September 28, 2021.
This stock option grant and stock option amendment are subject to TSX Venture acceptance.
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.
