Clean Invest Africa Plc Appointment of non-Board Strategic Adviser and Investor

 
TIDMCIA 
 
22 March 2022 
 
                            Clean Invest Africa Plc 
 
            Appointment of non-Board Strategic Adviser and Investor 
 
Clean Invest Africa Plc ("CIA" or the "Company") is very pleased to welcome Mr 
Ramin Salsali as a strategic investor and a strategic adviser to the Company. 
 Mr Salsali entered the real estate development business with the main focus of 
preservation of historical buildings. In 2011 Mr Salsali established a museum 
for contemporary art in Dubai, Salsali Private Museum (SPM), focusing on Middle 
Eastern art. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice 
President, Prime Minister and Ruler of Dubai has recognised and honored Ramin 
Salsali as Patron of the Arts for the consecutive years, 2010, 2011, 2012 and 
2013, for his sustained support of the art community in Dubai. 
 
Mr Ramin Salsali has recently invested GBP 302,276 in the Company at a 
subscription price of 0.5p per share as an initial investment into the 
business. Mr Salsali owns approximately 4.6% of the issued ordinary shares in 
the Company, having subscribed to the placing shares, announced in December 
2021 and February and March 2022. Mr Salsali has commented that his "investment 
in Clean Invest Africa (CIA) is as a result of my belief in the technical 
capability of CoalTech and its management to solve one of the major 
environmental issues in our world, the 33 billion tonnes of toxic coal fines 
polluting land, water and air as a result of mining. I am also driven by my 
duty as a responsible investor to contribute to the technologies which can and 
will improve the quality of life of all human beings, and I hope other 
investors might follow my example." 
 
Mr Salsali also remarked that, "the additional benefits for mining companies, 
potentially increasing their output by over 15% to convert this waste into a 
valuable source of energy, along side it's clear alignment with corporate 
social responsibilities makes CoalTech a compelling investment. In addition, 
today, there are applicable technologies for Low-to-Zero-Emission technologies 
for fossil fuel powered power generation plants. Considering the technological 
advancement in coal fired power plants and geopolitical aspects, coal can and 
will continue to play a major role in energy production. 
 
Finally Mr Salsali noted that, "The technology developed by CoalTech is 
applicable for recovering other more valuable and precious minerals, such as 
ilmenite and chrome and this is a large and growing  addressable  market for 
CIA to enter.". 
 
The CIA chairman, Shaikh Mohamed Abdulla Khalifa AlKhalifa welcomed the 
investment by Mr Salsali and noted that "The Board has met with Mr Salsali 
recently and looks forward to a long-term cooperation with Mr Salsali, not only 
as an investor, but also as an advisor to CIA to seek to establish the first 
series of industrial scale plants in South Africa, India, Indonesia and 
Colombia. The Chairman also outlined that "coal is not only the source of 
production of heat and electricity, but also the source of production of 
hydrogen. Coal can be converted into gases and liquids that can be used as 
fuels or processed into chemicals to make other products. These gases or 
liquids are sometimes called synthetic fuels or synfuels. Another potential 
application is the production of Syngas-methanol-fertilizer for agricultural 
use. The future potential of our technology is very exciting." 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENQUIRIES : 
 
Clean Invest Africa plc 
 
Filippo Fantechi - Chief Executive Officer:  +973 3 9696273 
 
Peterhouse Capital Limited 
 
Guy Miller: +44 20 7469 0930 
 
 
 
END

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