Vancouver, British Columbia – TheNewswire - May 25, 2020 - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Corporation”) (TSXV:CSX) is providing an update on the status of its interim financial statements, accompanying management discussion & analysis and related officer certifications (collectively “Interim Filings”) for the period ended March 31, 2020.
On March 18, 2020, the Canadian Securities Administrators announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 as a result of the COVID-19 pandemic. As such, the British Columbia Securities Commission has enacted BC Instrument 51-515 (“BCI 51-515”), Temporary Exemption from Certain Corporate Finance Requirements.
The Corporation will be relying on the temporary exemption pursuant to section 10 of BCI 51-515 in respect to the requirement to file its Interim Filings as per sections 4.4(b) and 5.1(2) of NI 51-102 and section 5.1 of NI 52-109
The Corporation expects to file its Interim Filings on or about July 10, 2020.
Management and insiders of the Corporation will be subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The Corporation has granted 25,000 stock options to a director, exercisable at a price of $0.30 per share until December 31, 2023.
The Corporation confirms that there have been no material developments, other than those disclosed through news releases, since the filing of its interim financial statements for the period ended December 31, 2019.
ON BEHALF OF THE BOARD
Chief Executive Officer
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 a 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™ 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 Clean Seed at 604-566-9895 and visit our website at http://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.
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