VANCOUVER, Oct. 8, 2019 /CNW/ - Clean Commodities
Corp. (TSX VENTURE: CLE) ("Clean
Commodities" or the "Corporation") is pleased to
announce that it intends to undertake a corporate name change to
"Dixie Gold Inc." (the "Name Change").
The Name Change was approved by the Corporation's Board of
Directors on September 30, 2019,
subsequent to which the Corporation filed a Form 5H (Name Change
Without Consolidation or Split Filing Form) with the TSX Venture
Exchange (the "Form 5H Filing") on October 1, 2019.
In conjunction with the Name Change, the Corporation has applied
to the TSX Venture Exchange for a new trading symbol. Separately,
the Corporation has also applied for a new ISIN/CUSIP number.
Further information with respect to these items and any other items
associated with the Corporation's name change submission to the TSX
Venture Exchange will be provided to shareholders in due
course.
The Corporation is currently planning gold exploration
activities at its Isko Gold Project located in Quebec, Canada. Acquired in 2017, the
Corporation subsequently performed a soil sampling program at the
project as detailed in the Corporation's financial reports
available on SEDAR.
As a mining issuer, the Corporation regularly reviews potential
mineral property acquisitions and dispositions as part of its
ordinary course of operations.
The Corporation believes that the strong trading price of gold
(as expressed in Canadian dollars) warrants increased capital
allocation by the Corporation to this commodity.
The Corporation holds a diversified mineral exploration
portfolio situated across Canada,
including, among other interests, mineral exploration projects
involving gold (Isko), lithium (Phoenix/Torp), uranium (Preston) and cobalt
(Manitou).
The Corporation expects the Name Change to be completed on or
before October 29, 2019.
Clean Commodities also recently announced plans to spin-out its
wholly-owned subsidiary, Western Hemp Corp. to shareholders (see
news release dated September 23,
2019, 'Clean Commodities Corp. Announces Intent to Spin-Out
Licensed Hemp Producer to Shareholders')(the "Spin-Out
Transaction"). The Spin-Out Transaction is not affected by the
Name Change.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is a mining exploration
company involved in a diverse portfolio of mineral exploration
projects. For more information, please visit
www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive
Officer
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
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 release.
SOURCE Clean Commodities Corp.