Clean Seed Capital Group Ltd. announced a non-brokered private placement of promissory notes for the gross proceeds of CAD 1,203,000 on March 29, 2023. The Notes will mature 12 months from the date of issue. The Company may elect to satisfy the interest payments due under the Notes by the issuance of common shares subject to acceptance of the TSX-V at each such instance.

In connection with the Notes, the Company will issue an aggregate of 1,415,293 bonus Shares to the subscribers at a market price of CAD 0.17 per Share. The company will also issue 376,470 Shares to Cormark Securities Inc. as a finder's fee. Insiders of the Company purchased a Note in the principal amount of CAD 203,000 in the transaction.

Any Shares to be issued pursuant to the Notes 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. Closing of the transaction is subject to receipt of TSXV approval.