Clean TeQ Announces Capital Structure Update

MELBOURNE, Australia, June 01, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that the following securities have lapsed and have been cancelled on 31 May 2020:

ASX Code	Number of securities and description
CLQAA	2,373 Performance Rights expiring 1 July 2020
CLQAA	3,663 Performance Rights expiring 1 January 2021
CLQAA	9,933 Performance Rights expiring 1 July 2021
CLQAA	34,510 Performance Rights expiring 1 January 2022
CLQAA	51,589 Performance Rights expiring 1 July 2022
CLQAA	108,094 Performance Rights expiring 1 January 2023
CLQAI	462,870 Options exercisable at $0.53 each expiring 9 August 2023

The Company’s current capital structure therefore constitutes of the following classes of securities:

ASX Code	Total number of securities and description
CLQ	746,460,205 Fully Paid Ordinary Shares
CLQAA	1,256,919 Performance Rights expiring 1 July 2020
CLQAA	478,439 Performance Rights expiring 1 January 2021
CLQAA	866,802 Performance Rights expiring 1 July 2021
CLQAA	2,362,913 Performance Rights expiring 1 January 2022
CLQAA	2,959,861 Performance Rights expiring 1 July 2022
CLQAA	4,094,908 Performance Rights expiring 1 January 2023
CLQAI	350,000 Options exercisable at $0.95 each expiring 31 August 2020
CLQAI	75,000 Options exercisable at $1.73 each expiring 6 November 2020
CLQAI	5,000,000 Options exercisable at $1.80 each expiring 4 December 2020
CLQAI	500,000 Options exercisable at $1.63 each expiring 12 March 2021
CLQAI	1,000,000 Options exercisable at $1.88 each expiring 19 February 2021
CLQAI	7,537,130 Options exercisable at $0.53 each expiring 9 August 2023

For more information, please contact:

Ben Stockdale, CFO and Investor Relations   [phone]

This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.

About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. 

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.