DJ Clean Invest Africa Plc MoU to acquire the remainder of CoalTech
TIDMCIA 10 July 2018 CLEAN INVEST AFRICA PLC ("CIA" or the "Company") Memorandum of Understanding to acquire the remainder of CoalTech Clean Invest Africa Plc (NEX:CIA), the NEX Exchange quoted clean technology and renewable energy investment company, is pleased to announce, further to the announcement of 12 February 2018, whereby it invested US$500,000 in to CoalTech LLC ("CoalTech"), that it has signed a Memorandum of Understanding ("MoU") with CoalTech. The MoU provides the basis for CIA to acquire the remaining 97.5% of CoalTech that it does not already own. Both the Company and CoalTech have commenced due diligence to examine the feasibility. However, until a formal Sale and Purchase Agreement ("SPA") has been signed, the deal is conditional, and not binding on either the Company or CoalTech. There can be no guarantee that the discussions in respect of the MoU signed with CoalTech will be successful. The Directors of the Company accept responsibility for the content of this announcement. ENQUIRIES: Company Clean Invest Africa PLC Sam Preece - Executive Director Telephone: 020 3130 0674 Corporate Adviser Peterhouse Capital Limited Guy Miller Telephone: 020 7220 9795 END
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