Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) is pleased to announce the appointment of Steve Sommerfeld to its board of directors.
Mr. Steve Sommerfeld, CPA, CA, was the original Chief Financial Officer of Ag Growth International Inc. (“AGI”) (TSX: AFN) starting in 1997 and serving until his retirement in 2020. AGI is an agricultural equipment manufacturer that started in Western Canada and now has operations in Canada, the U.S., U.K., Brazil, Italy, France and India. As CFO and Executive Vice President, Mr. Sommerfeld worked with the Senior Executive Team to lead the company through organic growth and a series of 25 acquisitions that resulted in the company internationalizing its business and increasing revenues from $2 million in 1997 to $1 billion in 2020. Mr. Sommerfeld oversaw all aspects of the finance and accounting function at AGI and participated in investor relations and capital market activities. Mr. Sommerfeld holds a Bachelor of Commerce from the University of Saskatchewan and is a Chartered Professional Accountant.
Mr. Randy Minhas is kindly stepping down from the Board of Directors of the Company to facilitate the appointment of Mr. Sommerfeld’s and to accommodate the expected increased time commitment for his role as Chief Financial Officer of Blackrock Gold Corp. We would like to thank Randy for his steadfast support and wish him much success with his new venture.”
The Company has granted Mr. Sommerfeld incentive stock options to acquire 200,000 shares of common stock at a price of $0.50 per share until December 31, 2023.
Further to the Company’s news release of January 29, 2021, the Company has received TSX Venture Exchange approval to extend the expiry date of 5,915,000 of the 7,895,000 warrants sought for extension to July 31, 2021. These warrants are exercisable at $0.50 per share. The Company has also submitted an application to extend the expiry date to July 31, 2021 of the other 1,980,000 warrants which were originally issued as a bonus, exercisable at $0.50 per share, to match the extended maturity date of a related promissory note.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO