# CleanTech Lithium PLC Secures Loan Notes for AUD 3,995,000
CleanTech Lithium PLC, a leading exploration and development company in the lithium sector, has successfully secured Loan Notes for an aggregate amount of A$3,995,000. These Loan Notes have been denominated in both Australian Dollars (AUD) and Pounds Sterling (GBP) and come with an attractive entitlement to warrants.
## Loan Notes Details:
The Loan Notes subscribed for comprise A$3,995,000 in total, with a portion in AUD and a portion in GBP. Each A$0.9126 of AUD Loan Notes and each £0.48 of GBP Loan Notes subscribed will carry an entitlement to one warrant. These warrants grant holders the right to subscribe for new Ordinary Shares at a premium price, with a term of 5 years.
The funds raised through this issuance will provide CleanTech Lithium PLC with immediate liquidity, enabling the company to maintain its current activities and work programs while gearing up for a planned dual listing on the Australian Securities Exchange (ASX).
## CLN Termination:
The company also announced the termination of an agreement relating to £1 million Convertible Loan Notes (CLNs) due to the CLN subscriber failing to pay the subscription monies. This termination aligns with the board’s prudence in securing the necessary funds for working capital as they progress towards the ASX dual listing.
Steve Kesler, Chairman and Interim CEO of CleanTech Lithium PLC, expressed gratitude to the Loan Note holders for their timely support, emphasizing the short-term nature of this facility intended to be repaid from the proceeds of the next capital raise associated with the ASX listing.
## Further Loan Note Information:
CleanTech Lithium PLC has entered into Loan Notes with four lenders, issuing a combination of AUD and GBP denominations. The Loan Notes do not bear interest and have a maturity date of 12 months from the issue date, with additional premiums payable upon redemption.
Regal Tactical Credit Fund, a substantial shareholder of CleanTech Lithium PLC, has subscribed for a significant portion of the Loan Notes, bringing valuable support to the company’s broader objectives.
## Warrant Instrument:
The Loan Notes carry an entitlement to Warrants, offering holders the opportunity to subscribe for new Ordinary Shares at a premium price. With approximately 4.4 million Warrants issued, the potential additional cash proceeds for the company upon exercise are substantial.
For further information and investor inquiries, feel free to reach out to CleanTech Lithium PLC or their communications team at Celicourt. Stay tuned for updates on the company’s progress towards achieving its strategic objectives.
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**About CleanTech Lithium PLC:**
CleanTech Lithium PLC is a forward-thinking exploration and development company focusing on sustainable lithium projects in Chile to support the clean energy transition. With a commitment to net-zero operations and cutting-edge Direct Lithium Extraction technology, the company aims to be a leading supplier of green lithium to the EV and battery manufacturing market. Learn more about their projects and initiatives at [www.ctlithium.com](http://www.ctlithium.com)
Source: [CleanTech Lithium PLC Announcement](https://www.londonstockexchange.com/news-article/CTL/bridging-loan-termination-convertible-loan-notes/16544461)