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BRIEF-Clean Teq forms strategic partnership with Pengxin Mining

Published 28/02/2017, 09:50 pm
© Reuters.  BRIEF-Clean Teq forms strategic partnership with Pengxin Mining
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Feb 28 (Reuters) - Clean Teq Holdings Ltd CLQ.AX

* Asx alert-clq forms strategic partnership with Pengxin Mining

* Pengxin Mining has agreed to make an initial private placement investment of approximately A$81 million in Clean Teq

* Strategic partnership to facilitate development of company's syerston nickel cobalt scandium project in New South Wales

* Following completion of private placement, Jiang Zhaobai, chairman of Pengxin group will join as non-executive co-chairman Source text for Eikon: ID:nASXb5yVNH Further company coverage: CLQ.AX

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