Capital Raising Update - Tranche 2
Melbourne, May 8, 2014 AEST (ABN Newswire) - Clean TeQ Holdings Limited ('the Company') (
ASX:CLQ) is pleased to announce that its recent fund raising is essentially complete with the Company today issuing $2.75 million worth of fully paid ordinary shares following shareholder approval at last week's general meeting of shareholders.
Clean TeQ will issue 55,117,245 fully paid ordinary shares and the remaining 2 million shares will be issued in the coming weeks.
The placements were made to Australian professional and sophisticated investors. Global mining investor Mr Robert Friedland participated in the raising, maintaining his 19.9% interest in Clean TeQ via previously issued convertible notes and new shares.
Mr Cory Williams commented: "The raising of these funds is an important vote of confidence in the company, which will allow us to advance our business plans focused around clean water technologies and in recovery of valuable metals in resource related projects."
An Appendix 3B for the issue of these shares has been released on this day.
About Clean TeQ Holdings Limited
Clean TeQ Holdings Limited (ASX:CLQ) is a world leader in water treatment and resource recovery technology and the Australian leader in biological air purification. Clean TeQ develops technologies in-house and partners with leading technology suppliers worldwide.
The Company offers a range of business models to potential clients including licensing our technology, building and commissioning complete installations (both transportable and fixed), and building and operating installations in joint ventures, in return for a share of revenues generated through resources recovered. Clean TeQ will also acquire mining assets where its technologies can make exploitation of uneconomic ore bodies or re-processing of tailings profitable.
For more information about Clean TeQ please visit the Company's website
| ||
|
