Vancouver, British Columbia - TheNewswire - July 7, 2023 - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V:CSX) announces that, further to its news release of April 21, 2023 whereby the Company closed a promissory note financing aggregating $1,203,000, the Company intends to issue 375,565 common shares, at a deemed price of $0.12 per share, to settle accrued interest of $45,067.91, in accordance with TSX Venture Exchange (“TSX-V”) Policies. The issuance of the shares is subject to the acceptance of the TSX-V.  

One noteholder, an insider of the Company, will receive 83,785 shares to settle accrued interest. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions under sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such related party transaction.

All shares issued will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply under foreign securities laws.

ON BEHALF OF THE BOARD

Per “Graeme Lempriere”

Chairman and CEO

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX”.

We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problem into commercially viable products to fulfill new demand.

Clean Seed’s SMART Seeder MAX™ technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation.  Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.

For further information please contact us at 604-566-9895 and visit our website at www.cleanseedcapital.com.

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.