CleanTech Lithium announces retail share offer for shareholders

Highlights

• CleanTech Lithium (LSE:CTL) opens a retail offer for existing shareholders

• The retail offer mirrors previous fundraising terms including warrants

• Proceeds are intended for project expansion, technical studies and working capital

CleanTech Lithium (LSE:CTL) has confirmed the launch of a retail share offer that provides existing shareholders the opportunity to subscribe for new shares under the same terms as previous institutional fundraising.

Retail Offer Announcement

The company has introduced this retail offer to extend participation opportunities exclusively to current shareholders. This follows an earlier capital raising initiative and ensures equal treatment across different investor groups.

Offer Structure and Warrants

The offer allows subscription for new shares at a fixed issue price. Each new share will be accompanied by a warrant, granting the right to purchase additional shares at a later date. This mechanism is designed to provide flexibility and potential additional value for participants.

Conditions for Participation

Participation is open only to individuals or entities already holding shares in the company. Applicants must be based in the United Kingdom and must apply through an authorised intermediary. Holders of derivative instruments are excluded from the offer.

Timetable of Events

The retail offer remains open for a short period, closing before the scheduled shareholder meeting. Following approval of required resolutions, the newly issued shares are expected to commence trading on the AIM market shortly afterwards.

Use of Proceeds

Funds raised through this retail offer are expected to be allocated towards expansion of project areas, including securing additional licences. Proceeds will also support the completion of technical studies, direct lithium extraction work, and provide additional working capital.

Commitment to Shareholders

The company recognises the long-standing support from retail investors and aims to maintain inclusivity by ensuring equal access to opportunities traditionally extended to institutional participants.

Important Notes for Investors

Applications cannot be withdrawn once submitted and accepted. While there is a minimum subscription requirement, there is no maximum limit, though scaling back remains at the company’s discretion. Independent professional advice is encouraged for those considering participation.

Regulatory Information

This retail offer is exempt from the obligation to publish a prospectus under UK regulations. The newly issued shares will be fully paid, rank equally with existing shares, and entitle holders to dividends or distributions declared after issuance.