Clean Seed Capital Completes Restructuring Activities
Vancouver, British Columbia — January 9, 2026 — Leads & Copy — Clean Seed Capital Group Ltd. (NEX: CSX.H) has completed a series of restructuring activities related to its application for reactivation to the TSX Venture Exchange.
Management worked with the Company’s creditors to restructure its liabilities, resulting in an improved statement of financial position by addressing $13,153,565 of total liabilities. As reported in the interim condensed consolidated financial statements for the period ended September 30, 2025, the Company had total liabilities of $14,711,829.
The restructuring program has resulted in the settlement of $1,954,325 of these liabilities for shares and the reclassification of $11,930,597 of liabilities from current to non-current items, significantly improving the Company’s working capital position and reducing near-term liquidity risk.
Subsequent to September 30, 2025, the Company has extinguished an additional $150,000 of liabilities in the normal course of operations. These actions reflect management’s ongoing commitment to financial discipline, balance sheet control, and sustained forward progress.
With the majority of its restructuring objectives now completed, Clean Seed enters 2026 with an improved financial position and enhanced corporate readiness. The Company is focused on further strengthening its capital structure to support its business plan.
Key transactions and activities include:
- Completion of a non-brokered private placement for gross proceeds of $1,250,000 through the issuance of units as disclosed in the news release dated October 23, 2025.
- Extension of promissory notes payable in the aggregate principal amount of $4,670,759 whereby their maturity dates were extended to December 31, 2026, as disclosed in the news release dated November 21, 2025. In connection with these extensions, the Company settled accrued interest of $904,325 through the issuance of common shares, as disclosed in the news release date October 31, 2025.
- Restructure of convertible debentures in the aggregate principal amount of $630,000 whereby (i) one convertible debenture in the principal amount of $300,000 had its maturity date changed to December 31, 2026 and all interest will be payable at maturity (see news release dated November 28, 2025); and (ii) one convertible debenture in the principal amount of $330,000 which matured in August 2025 shall be reissued with a maturity date of December 31, 2026 and all interest will be payable at maturity (see news release dated December 10, 2025). The Company settled accrued interest on those debentures of $50,000 through the issuance of common shares.
- Three repayable contribution agreements with the Government of Canada have been restructured whereby the liability of $2,177,000 will be deferred until 2027 with repayment terms to be negotiated at a later date subject to certain interest payments described herein. Two loans in the aggregate principal amount of $1,486,000 will have no repayments for six months and will transition to interest only payments from June 2026 to January 2027. One repayable contribution agreement in the principal amount of $691,000 will have nominal interest from December 2025 to June 2026. From July 2026 to January 2027, the Company will have monthly payments of interest only. All three repayable contributions bear interest at prime plus 3%. See the news release dated July 18, 2024, for additional information.
- Accounts payable of $2,609,860 have been restructured whereby settlement has been postponed to December 31, 2026. Included in these restructurings, the Company entered into one settlement agreement whereby $206,121 shall bear interest of 12% per annum and will be secured by a general security interest in the assets of the Company.
- The Company has received two statements of complaint from former employees of the Company for historical unpaid wages aggregating $301,000 which are recorded in the financial statements of the Company as accounts payable. The Company has retained legal counsel to assist with settling the matters.
- Related parties payable of $1,453,316 have been restructured whereby (i) $1,000,000 will be settled through the issuance of shares as disclosed in the news releases dated November 7, 2025, and January 8, 2026; and (ii) $453,316 will have payment postponed to December 31, 2026.
Graeme Lempriere, Chairman and CEO
For further information, contact Clean Seed at info@cleanseedcapital.com.
Source: Clean Seed Capital Group Ltd.
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