Clean Invest Africa Plc (AQSE: CIA), the AQUIS Exchange quoted clean technology and renewable energy investment company, is pleased to announce that it has issued unsecured convertible loan notes for a total of £155,000 (the “CLNs”). The CLNs have an annual cash coupon of 8% payable semi-annually, mature on 31st December 2022 and are convertible then at the option of the holder into 7,750,000 ordinary shares of 0.25p each in the Company (“Shares”) at a price of 2.00 pence per share. The funds raised as a result of the issue of the CLNs will be used to provide additional working capital for the Company.
I am pleased to present the interim financial results of the Group.
Whilst the past few months have been extremely challenging Clean Invest Africa is looking forward to the next period with significant optimism due to the substantial and strong pipeline and in addition a developing opportunity to expand beyond coal.
Notwithstanding the recent negative impacts of the pandemic the Company and its subsidiary CoalTech are facing into the remainder of 2020, it views with renewed optimism, an extensive and solid pipeline of opportunities. It is worth reiterating that the strategy of CoalTech is to secure long term, large scale customer relationships with whom it would develop one or more full scale plants and with long term offtake arrangements.
The Company’s Annual General Meeting (“AGM”) will be held at 10.30am on 30 September 2020. In accordance with the provisions in the Corporate Insolvency and Governance Act resulting from the Covid-19 pandemic, the meeting will not be held in any particular place and shareholders will not be entitled to attend the meeting, therefore shareholders who wish to vote must submit a valid Form of Proxy to the Company’s Registrars, Neville Registrars Limited, Neville House, Steelpark Road, Halesowen B62 8HD. However, any shareholders who have questions they would like answered in advance of the meeting can send them to firstname.lastname@example.org and they will be responded to promptly.
CIA, Heads of Agreement for Feasibility Study and Commercialisation of a 5,000 tonnes per month pelletising plant in New South Wales, Australia, with offtake.
Clean Invest Africa plc is pleased to announce that its wholly owned subsidiary Coaltech Limited (“CoalTech”), has successfully negotiated and signed a Heads of Agreement with a New South Wales, Australia based entity to conduct a feasibility study for the establishment of a circa 5,000 tonnes per month coal pelletising plant which, if viable, would likely be contracted and operational in 2021.
In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Board of CIA confirms that the Company has 1,179,755,301 ordinary shares of 0.25 pence each in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury.
CIA, expanding into higher value minerals and precious metals
* Coaltech technology to produce pellets from industrial mineral tailings
* Potential for high grade ore, minerals and solid based natural resources
* Initial contract award from mineral sands producer to produce pellets from ilmenite tailings
Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £150,000 to support the continuing growth of its wholly owned subsidiary CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”) and to settle creditors and provide limited working capital to the Group.
Clean Invest Africa plc, the Aquis Stock Exchange Growth Market (“Aquis”) quoted investment company, together with CoalTech Limited and Coal Agglomeration South Africa (Pty) Ltd (collectively the “Group”) focused on delivering an attractive return through acquiring stakes in clean energy companies, remediation/restoration technologies, waste-to-energy technologies and other clean energy related projects is pleased to present the unaudited combined financial results for the period from 1 October 2018 to 31 December 2019. Earlier today we have also published our latest trading update.
CIA announces that, further to the guidance provided by Aquis on 31 March 2020, due to logistical issues arising from Covid-19 restrictions the Company has been granted an extension of one month for the publication of its annual Report and Accounts for the year ended 31 December 2019, and the Company has requested a further two months extension, with the intention to publish the Report and Accounts by 30 September 2020.