Announcement

DJ Clean Invest Africa Plc MoU to acquire the remainder of CoalTech

Published on 10/7/2018 • Category:

• Regulatory Announcements

 
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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