New R&D Facility opened by the Honourable Greg Hunt MP, Federal Minister for the Environment
Melbourne, Mar 11, 2014 AEST (ABN Newswire) - On Friday March 7, the CEO of Clean TeQ (
ASX:CLQ) Mr Cory Williams and the Founder of Clean TeQ Mr Peter Voigt, along with a group of investors, Austrade Representatives, clients and staff, were honoured to participate in the official opening of the new Clean TeQ R&D Facility in Notting Hill Melbourne, by Federal Minister for the Environment, the Honourable Greg Hunt.
Minister Hunt discussed the challenges we and our neighbours face in addressing the pollution of our air, water and land, and praised the vision and commitment of Clean TeQ leader Peter Voigt ,in working so hard for so long, to develop solutions which are now coming to commercial fruition.
Minister Hunt stressed that in his recent discussions with the Chinese Ambassador it had been made clear to him that China for example had two sets of complementary priorities in forward planning - to grow their economy and nation and also to mitigate air, water and land pollution to ensure a bright future for the Chinese people. He observed that these are challenges faced by all nations as they develop.
"In this context Minister Hunt praised the leaders of Clean TeQ as 'dangerous men' in that they are poised to help address these pollution challenges globally, and in the process to help shape the future of our world."
Clean TeQ Targets Major Opportunities In China
Mr Peter Voigt, founder of Clean TeQ will travel to China next week to continue talks there aimed at developing new opportunities for Clean TeQ technologies.
Clean TeQ Secures $4.6million Additional Investment
Mr Cory Williams, Chief Executive Officer of Clean TeQ Holdings Limited (ASX:CLQ), has today announced that Clean TeQ is undertaking a private placement of 91.95 million shares at 5.0 cents per share to raise $4.6 million. The purpose of the placement is to strengthen the company's balance sheet and to fund the delivery of the company's pipeline of new projects. The joint lead managers to the placement are SLM Corporate and BW Equities.
The placement is being undertaken in two tranches, with the second tranche subject to shareholder approval.
The placements have been made to Australian professional and sophisticated investors. Global mining investor Robert Friedland is also participating in the placement, at a level which retains his existing 19.9% interest via existing Convertible Notes and new shares in the company.
Mr Cory Williams, Chief Executive Officer (CEO) of Clean TeQ LTD (ASX:CLQ) commented:
"The scope of exciting new deals that we are currently finalising requires us to put in place funding and resources which will enable us to ensure delivery timelines are met. It is important to us that our new clients are satisfied with our capacity to complete the work at the highest standard. It is a timely show of strength for the Clean TeQ business that the placement has been completed seamlessly, among a small group of sophisticated investors."
To view photographs, please visit:
http://media.abnnewswire.net/media/en/docs/76738-ASX-CLQ-20140311.pdf
About Clean TeQ Holdings Limited
Clean TeQ Holdings Limited (ASX:CLQ) is a world leader in water treatment and resource recovery technology and the Australian leader in biological air purification. Clean TeQ develops technologies in-house and partners with leading technology suppliers worldwide.
The Company offers a range of business models to potential clients including licensing our technology, building and commissioning complete installations (both transportable and fixed), and building and operating installations in joint ventures, in return for a share of revenues generated through resources recovered. Clean TeQ will also acquire mining assets where its technologies can make exploitation of uneconomic ore bodies or re-processing of tailings profitable.
For more information about Clean TeQ please visit the Company's website
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