Ann: Entitlement Offer completed with support from Shareholders, page-4

Very strong support from the investors.

Now they are fully funded to progress the development of the Company’s 100% owned Syerston Scandium Project in NSW, which serves as an economic moat for the company.

http://www.investopedia.com/terms/e/economicmoat.asp

Funds raised from the Entitlement Offer will also be directed towards funding the ongoing development of Clean TeQ’s Water Business, including any equity contribution required for the formation of the Water Treatment Joint Venture with SIDRI in China, repayment of the $1.2M Nippon Gas loan, costs of the Entitlement Offer and general corporate and working capital.

Finance on track. Green light on the go ahead!