Clean TeQ Water Ltd (AU:CNQ) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.