Carnegie Clean Energy will launch an AUS$3 million Share Purchase Plan.
The company hopes to fund several initiatives including developing the first multi-megawatt CETO Array in Europe with Biscay Marine Energy Platform (BiMEP) as potential host under their recent MOU Agreement; operating the first grid connected CETO Unit at the company’s six megawatt CETO project at BiMEP, Spain; business development activities in Europe and the U.S., deploying and operating CETO via the ACHIEVE Program and advancing the MoorPower Commercial Pilot.
The offer, which opens August 15 and closes September 8, allows shares to be sold at 5.7 cents representing a 20% discount to market. Shareholders can invest in parcel sizes from $1,000 to $30,000. The company hopes to raise $3 million but has capacity for oversubscription.
