Clean TeQ Announces Capital Structure Update


MELBOURNE, Australia, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that the following securities have lapsed and have been cancelled:

ASX CodeNumber of securities and description
CLQAA60,915 Performance Rights expiring 1 July 2020
CLQAA14,914 Performance Rights expiring 1 January 2021
CLQAA22,294 Performance Rights expiring 1 July 2021
CLQAA346,896 Performance Rights expiring 1 January 2022
CLQAA527,361 Performance Rights expiring 1 July 2022
CLQAI350,000 Options exercisable at $0.585 each expiring 15 December 2019
CLQAI750,000 Options exercisable at $0.77 each expiring 17 February 2020
CLQAI500,000 Options exercisable at $1.09 each expiring 3 September 2021
CLQAI1,000,000 Options exercisable at $0.53 each expiring 16 August 2023
  

The Company’s current capital structure therefore constitutes of the following class of securities:

ASX CodeTotal number of securities and description
CLQ746,460,205 Fully Paid Ordinary Shares
CLQAA1,259,292 Performance Rights expiring 1 July 2020
CLQAA490,266 Performance Rights expiring 1 January 2021
CLQAA904,856 Performance Rights expiring 1 July 2021
CLQAA2,493,126 Performance Rights expiring 1 January 2022
CLQAA3,152,984 Performance Rights expiring 1 July 2022
CLQAI350,000 Options exercisable at $0.95 each expiring 31 August 2020
CLQAI75,000 Options exercisable at $1.73 each expiring 6 November 2020
CLQAI5,000,000 Options exercisable at $1.80 each expiring 4 December 2020
CLQAI500,000 Options exercisable at $1.63 each expiring 12 March 2021
CLQAI1,000,000 Options exercisable at $1.88 each expiring 19 February 2021
CLQAI500,000 Options exercisable at $1.09 each expiring 3 September 2021
CLQAI8,000,000 Options exercisable at $0.53 each expiring 9 August 2023
  

For more information, please contact:

Ben Stockdale, CFO and Investor Relations                                                         +61 3 9797 6700
   

This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.

About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.