VANCOUVER, July 26, 2018 /CNW/ - Clean Commodities
Corp. (TSX VENTURE: CLE) ("Clean Commodities" or the
"Corporation") advises that it intends to conduct a strategic
review with a goal to maximize value for shareholders (the
"Strategic Review").
The Corporation believes that current market conditions
surrounding the Corporation's listed securities do not adequately
reflect the working capital and mining project portfolio of the
Corporation. Consequently, Clean Commodities shall be initiating a
strategic review process to examine potential opportunities to
address same.
The Strategic Review shall examine a variety of potential
mechanisms that may add shareholder value, including, but not
limited to: a) the sale of the Corporation; b) the sale of assets
held by the Corporation; c) alteration to the Corporation's traded
exchange; d) a share re-purchase program; e) a change in the
underlying nature of the Corporation's business; and/or f) the
division of the Corporation's working capital and asset base into
multiple entities.
The Corporation cautions that the Strategic Review may not
result in any change to the operations or existing nature of Clean
Commodities nor market-based valuation thereof. The Corporation
confirms that the Strategic Review announced herein is not a
byproduct of any pre-existing expressions of interest by
third-parties.
The Corporation further advises that it may engage external
advisors with respect to the Strategic Review.
Clean Commodities shall keep its shareholders apprised of any
potential developments arising from the Strategic Review in due
course.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company
involved in a diverse portfolio of clean commodity assets including
lithium and uranium 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.