Clean TeQ Water Ltd (AU:CNQ) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Clean TeQ Water Limited has secured a Convertible Note Subscription Agreement with Ivanhoe Capital Holdings, allowing for the issuance of 1 million unsecured convertible notes valued at $1 each. These funds are poised to bolster the company’s working capital needs, with the notes offering a 10% annual interest and a conversion price set at $0.31. This strategic move underscores Clean TeQ’s commitment to sustaining its financial growth while addressing global water and resource management challenges.
For further insights into AU:CNQ stock, check out TipRanks’ Stock Analysis page.