CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development companyadvancing sustainable lithium projects in Chile,announces that it has agreed with certain consultants and service providers to settle their accrued fees for a period from May-24 to Oct-24 totalling £63,993 through the issue of 290,877 new ordinary shares of £0.02 each in the Company at a price of 22 pence per ordinary share (the ‘Fee Shares’), which represents a 18.9% premium to the closing mid-market price on 5 December 2024.
Application will be made to the London Stock Exchange for the 290,877 Fee Shares, which when issued will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM (the ‘Admission’). It is expected that Admission will become effective and that trading in the Fee Shares will commence at 8.00 a.m. on or around 12 December 2024.
Following the issue and allotment of the Fee Shares, the Company’s total issued share capital will consist of 84,235,673 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury.
Accordingly, as from Admission the total number of voting rights in the Company will be 84,235,673 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, CleanTech Lithium under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
For further information contact:
CleanTech Lithium PLC
Steve Kesler/Gordon Stein/Nick Baxter
Jersey office: +44 (0) 1534 668 321
Chile office: +562-32239222
Or via Celicourt
Celicourt Communications
Felicity Winkles/Philip Dennis/Ali AlQahtani
+44 (0) 20 7770 6424
cleantech@celicourt.uk
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/Asia Szusciak
+44 (0) 20 7628 3396
Fox-Davies Capital Limited (Joint Broker)
Daniel Fox-Davies
+44 (0) 20 3884 8450
daniel@fox-davies.com
Canaccord Genuity (Joint Broker)
James Asensio
+44 (0) 20 7523 4680
Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Source
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