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Clean Seed Capital Announces Shares-for-Debt Transactions and Loan Extensions
Vancouver, British Columbia — October 31, 2025 — Leads & Copy — Clean Seed Capital Group Ltd. (NEX: CSX.H) will issue 3,984,399 common shares to extinguish $904,325.66 of accrued interest on promissory notes.
The company will issue i) 3,372,568 shares at $0.25 per share to settle debts of $843,142.47 and 2) 611,831 shares at $0.10 per share to settle debts of $61,183.19. The interest settled represents cumulative interest accrued from the issuance date of the promissory notes up to September 30, 2025.
Clean Seed has amended four secured promissory notes in the principal amount of $1,060,500, held by one lender. The maturity date will be extended from December 31, 2025, to December 31, 2026. The interest rate of two promissory notes in the aggregate principal amount of $125,000 will be reduced from 18% to 11% per annum, while one promissory note of $25,000 will remain at 11% interest. The interest rate of a promissory note in the principal amount of $910,500 will be increased from 8% to 11% per annum. Clean Seed will issue 2,121,000 bonus share purchase warrants to the Lender as consideration. Each Bonus Warrant will entitle the holder to purchase one common share at $0.25 per share until December 31, 2026.
Two insiders will receive 1,116,375 common shares at $0.25 per share to settle accrued interest of $279,093.97, and one will receive 2,121,000 Bonus Warrants. The company relied on exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101.
The Shares for Debt, Loan Extensions, and Bonus Warrants are subject to TSX-V acceptance.
Graeme Lempriere, Chairman and CEO, glempriere@cleanseedcapital.com
About Clean Seed Capital Group Ltd.: Clean Seed is an agricultural technology company accelerating the commercialization of its SMART Seeder™ technologies, designed for real-world conditions and backed by field trials, to reduce fertilizer usage and support higher crop performance. The common shares of Clean Seed Capital Group Ltd. are listed on the NEX branch of the TSX Venture Exchange under the symbol "CSX.H".
For further information please contact Clean Seed at info@cleanseedcapital.com.