Vancouver (pcJ News Briefs) – Clean Commodities Corp. (TSX-V: CLE) intends to close a non-brokered private placement of up to 5,000,000 units at $0.05 per unit for gross proceeds of up to $250,000.
Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.075 per common share for a one year period from the closing date.
Net proceeds will be used to advance Clean Commodities’ exploration projects in Canada and for general working capital purposes.
Insiders of the company may participate for greater than 25% of the financing.
Clean Commodities’ previously announced financing for up to $500,000 on March 6, 2017 has been discontinued.
Clean Commodities is an exploration company involved in a diverse portfolio of clean commodity assets including lithium, uranium and cobalt projects.
photo credit: Clean Commodities