BPH Energy Limited Invests in Clean Hydrogen Technologies Corporation
Key Ideas
- BPH Energy Limited and Advent Energy Ltd acquired a 10% interest in Clean Hydrogen for US$1,000,000, with plans for potential further investment.
- BPH's interest in Clean Hydrogen now stands at 15.6% while Advent's interest is at 3.9%.
- The investment aims to support Clean Hydrogen in developing a reactor to produce hydrogen and submit new patents related to hydrogen production technology.
- BPH also raised $1 million through a Placement to fund oil and gas investments and working capital, contributing to its strategic growth initiatives.
BPH Energy Limited announced that it has successfully acquired a 10% interest in Clean Hydrogen Technologies Corporation for US$1,000,000, with potential plans for further investment. BPH and Advent Energy Ltd, acting as the Purchasers, settled the acquisition agreement with Clean Hydrogen, enabling BPH to hold a 15.6% interest and Advent a 3.9% interest in Clean Hydrogen. The investment aims to support Clean Hydrogen in developing a reactor capable of producing hydrogen and filing new patents in the hydrogen production sector. BPH exercised share options issued by Clean Hydrogen, further strengthening the partnership. Additionally, BPH raised $1 million through a Placement to fund oil and gas investments and provide working capital for its operations. The Company's strategic activities reflect its commitment to growth and innovation in the energy sector.