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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.
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