Press Releases

Placing to raise £90,000, Issue £60,300 of Convertible Loan Notes, CoalTech Sukuk and Total Voting Rights

Published on 30/6/2023 • Category:

Press Releases

Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £90,000 to support the continuing growth of its wholly- owned subsidiaries, CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”), and to provide working capital to the Group.

The Company is also pleased to announce that it has issued unsecured convertible loan notes for a total of £60,300 (the “CLNs”). The funds raised as a result of the issue of the CLNs will also be used to provide additional working capital for the Company.

Coaltech is continuing the development of its marketing and commercialization strategy with a number of ongoing initiatives currently at advanced stage of development. A trading update will be released shortly, providing information on the key projects, including the starting of commercial operation of the Bulpan Plant, by the south African subsidiary, CASA.

Mr. Noel Lyons and Mr. Paul Ryan Settlement Agreement and Resignation

Published on 30/6/2023 • Category:

Press Releases

The coal industry globally is currently experiencing a surge in demand. This demand ought to lead to a renewed interest in the clean up technology and capabilities of CIA’s CoalTech business. Mr. Lyons and Mr. Ryan have other developing coal interests which may have an interest in CoalTech’s environmentally friendly capabilities and therefore they consider it prudent to step aside to avoid any potential conflict of interest.

Trading Update

Published on 6/12/2022 • Category:

Press Releases

Coaltech continues to seek out commercial terms for the supply of its coal agglomeration plant technology, notwithstanding limited funds available to Coatltech. Lead times on sales are proving extremely long and despite significant investment over a number of years no sales have been achieved thus far. The pipeline nevertheless remains strong, but the Company’s success depends upon an eventual conversion of commercial discussions into a commercial contract.

CoalTech Announces Commencement of Commercial Production

Published on 4/7/2022 • Category:

Press Releases

CoalTech to commence commercial coal production, initially 3,500 tonnes per month and rising to 7,000/7,500 tonnes per month in 2023.

Clean Invest Africa Plc is pleased to announce the commencement of commercial production by its clean coal subsidiary, CoalTech. The commencement of this commercial production strategy involves the full operationalisation and commercialisation of its existing pelletising plant at its South African Bulpan site. Previously the plant was, as announced, used extensively as a test facility for potential large-scale clients. CoalTech believes it has successfully completed sufficient client testing with an almost 100% client satisfaction outcome and that the time is now right to commence in-house commercial production.

Advance of commercial opportunity in Colombia

Published on 26/4/2022 • Category:

Press Releases

The Company is pleased to advise shareholders of the completion of the trial and testing phase of its thermal coal commercial project in Colombia.

Group Update

Published on 24/3/2022 • Category:

Press Releases

Clean Invest Africa plc (AQUIS: CIA) is pleased to provide an investor update.

At a corporate level the Company has been busy raising finance for current and new projects. The Company has recently welcomed a new strategic investor who is attracted to the potential of CIA and its subsidiaries, particularly now with significantly renewed interest and opportunities across a number of geographies given worldwide energy demands. Further discussions with potential investors are underway and may result in improved financing prospects of the Company.

Appointment of non-Board Strategic Adviser and Investor

Published on 22/3/2022 • Category:

Press Releases

Clean Invest Africa Plc (“CIA” or the “Company”) is very pleased to welcome Mr Ramin Salsali as a strategic investor and a strategic adviser to the Company. Mr Salsali entered the real estate development business with the main focus of preservation of historical buildings. In 2011 Mr Salsali established a museum for contemporary art in Dubai, Salsali Private Museum (SPM), focusing on Middle Eastern art. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai has recognised and honored Ramin Salsali as Patron of the Arts for the consecutive years, 2010, 2011, 2012 and 2013, for his sustained support of the art community in Dubai.

Fundraising

Published on 17/12/2021 • Category:

Press Releases

Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £102,276 to support the continuing growth of its wholly owned subsidiaries CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”) and to provide limited working capital to the Group.

Fundraising Via CLN and Update on Audited Accounts

Published on 16/9/2021 • Category:

Press Releases

The Company is pleased to announce that it has agreed to enter into a convertible loan note of £60,000 (“CLN”), for a period of 6 months, with three of the Company directors, Mr Noel Lyons, Mr Filippo Fantechi and Mr Paul Ryan, in equal parts, of £20,000 each.

Trading Update and Financial Reporting

Published on 12/8/2021 • Category:

Press Releases

CIA announces that, further to the guidance provided by Aquis on 31 March 2020, due to logistical issues arising from continuing Covid-19 restrictions particularly in South Africa where the Company’s subsidiary Coaltech is based, it has been granted a further extension of two months for the publication of its annual Report and Accounts for the year ended 31 December 2020 with the intention to publish the Report and Accounts by 30 September 2021. CIA will also be announcing and publishing on its website in September its unaudited financial results for the year ended 31st December 2020.