- Feb 21, 2012
CLQ has a interesting move from 0.04 to hightest 0.195 in less than a month. It all started after announcing a Joint Venture with Nippon Gas Co.
CLQ getting sold down on high volume. One old resistance point at 1.15.Clean TeQ’s proprietary ion exchange extraction and purification processing technology, positions Clean TeQ to become one of the largest and lowest cost suppliers of key cathode raw materials to the lithium-ion battery market – nickel sulphate and cobalt sulphate.
A$150m underwritten placement to accelerate
development of the Clean TeQ Sunrise Project
- Underwritten Institutional Placement (Placement) to raise a minimum of A$150m at A$1.15 per share
- Proceeds to fund early works and long lead items to enable the accelerated development of the Clean TeQ Sunrise Project with the potential to fast track first production by approximately 12 months
- Placement price represents a 6.1% discount to the last close price on the ASX of A$1.225 as at 7 March 2018
- Non-Underwritten Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand to apply for up to A$15,000 of fully paid ordinary shares at the same price as the Placement