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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (36328)11/1/2017 7:48:00 PM
From: Goose94Read Replies (1) of 203382
 
Clean TeQ Holdings (CTEQF-OTCQX®) Nov 2nd 2017 has today announced three important milestones to the market reflecting the strong progress being made toward supplying key raw materials to the global battery industry.

TSX Listing Application

Clean TeQ has lodged a formal application for a secondary listing of its ordinary shares on the Toronto Stock Exchange (TSX), Canada’s preeminent stock exchange and one of the world’s largest and most liquid exchanges. This follows recent feedback from investors in Canada and the US indicates very strong interest in the battery materials sector and in companies such as Clean TeQ, which offer direct exposure to world-class upstream assets and proprietary processing technologies. A dual-listing on the TSX is an outstanding opportunity to raise the Company’s profile in the North American market and will enable a substantially larger pool of investors to invest in the Company.

Project Name Change to Clean TeQ Sunrise Project

In recognition of the growing global profile of Clean TeQ and its Syerston Project, the name of the Syerston Project will be changed to “Clean TeQ Sunrise” (Project). The new name signifies the change in focus of the Project as an emerging global source of cobalt sulphate, nickel sulphate and scandium, and provides a strong connection to the local area.

Appointment of Mandated Lead Arrangers

The Company has also announced the appointment of three leading mining project finance institutions — Societe Generale, National Australia Bank and Natixis — as initial Mandated Lead Arrangers (MLAs) to arrange a debt financing facility for the development of the Clean TeQ Sunrise Nickel, Cobalt and Scandium Project (Project). The three initial MLAs have been engaged to arrange and syndicate a finance facility targeting debt funding of 50-60% of the total development cost of the Project, including working capital and other credit facilities. The banks will make best efforts to provide a total of US$375 million of the total credit facilities required for the development of the project, with the balance to be raised through additional MLA bank(s) or via a syndication process anticipated to take place following completion of the Definitive Feasibility Study.

Complete copies of the two ASX announcements can be found by clicking on the links below:

TSX Listing Application & Project Name Change gallery.mailchimp.com

Appointment of Mandated Lead Arrangers for Debt Financing gallery.mailchimp.com

Regards
Investor Relations
Clean TeQ
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