10th Feb 2025 20:21
CleanTech Lithium PLC - London-based lithium exploration company focused on Chile - raises up to GBP2.4 million via a placing at 16 pence per share. Further, grants a broker option to Fox-Davies Capital Ltd, through which an additional GBP2.0 million can be raised at the issue price until February 25. Each placing share carries a warrant entitlement of one warrant for every fundraising share. Each warrant grants the holder the right to subscribe for one new share at a price of 11p, at any time from one year after the date of first admission up to and including the date which is 4 years from the date of first admission. Executive Chair Steve Kesler says: "While this fundraising was driven by the extension to the ASX approval process, we remain committed to achieving a dual listing on the ASX as soon as possible, working closely with our advisers to meet this goal." CleanTech targets prospectus release relating to ASX listing for March or April. It had targeted an ASX listing in the first quarter. Read More
