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CleanTech Lithium plans £4.5m fundraising, converts loan notes

Created at 4 Jun · 4:20 PM2 sources↑ Market-relevant2 events
IN SHORT

CleanTech Lithium is planning a £4.5 million fundraising round and has converted its outstanding loan notes. This follows a previous retail offer to raise £250,000.

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Key Numbers

£4.5 millionfundraising target
£250,000previous retail offer target

Who's Involved

CleanTech Lithium
Company planning fundraising and converting loan notes

↳ Why This Matters

The company is seeking substantial new capital, indicating potential expansion or project development, while the conversion of loan notes suggests a move towards equity financing.

Key facts

  • CleanTech Lithium plans to raise £4.5 million.
  • The company has converted its outstanding loan notes.

CleanTech Lithium is preparing for a significant fundraising initiative, aiming to secure £4.5 million. In conjunction with this planned capital raise, the company has also proceeded with the conversion of its outstanding loan notes. This development follows a recent retail offer where the company sought to raise £250,000 from retail investors.

Frequently asked questions

CleanTech Lithium is planning a fundraising round of £4.5 million and has converted its outstanding loan notes.

The company aims to raise £4.5 million in its upcoming fundraising round.

CleanTech Lithium has converted its outstanding loan notes.

What Happens Next

01CleanTech Lithium to complete the £4.5 million fundraising round.

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How It Developed

4 Jun · 4:06 PM
CleanTech Lithium is launching a retail offer to raise £250,000 by issuing shares to retail investors.
Investing.com via PiQSuite
4 Jun · 3:37 PM
CleanTech Lithium is planning a larger £4.5 million fundraising round and has converted its loan notes.
Investing.com via PiQSuite

Sources

T1
CleanTech Lithium launches retail offer to raise £250,000m.piqsuite.com
T1
CleanTech Lithium plans £4.5m fundraising, converts loan notesm.piqsuite.com

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