BPH Energy's investment in Clean Hydrogen Technologies and upcoming shareholder approval

BPH Energy Limited (ASX: $BPH) has made significant progress in its investment in Clean Hydrogen Technologies Corporation, acquiring a 15.6% interest in Clean Hydrogen. The company, along with its investee Advent Energy Ltd, settled the acquisition for a 10% interest in Clean Hydrogen for US$1,000,000 and further loaned US$950,000 for an additional 9.5% interest. BPH is now seeking shareholder approval for the proposed issue of shares in Clean Hydrogen to BPH, in satisfaction of a debt owing from Advent Energy Limited to BPH. The company anticipates that the shareholder meeting to approve the Loan Conversion will be held in August 2024.

Executive Commentary on Investment Progress and Shareholder Approval

The company has made significant strides in its investment in Clean Hydrogen Technologies Corporation, solidifying its position with a 15.6% interest. The upcoming shareholder meeting to approve the Loan Conversion Agreement is a crucial step in the process, and we are committed to providing our shareholders with the necessary information and transparency regarding this matter.

Summary of BPH Energy's Investment Progress and Future Plans

BPH Energy's investment in Clean Hydrogen Technologies Corporation has advanced with the acquisition of a 15.6% interest and the upcoming shareholder meeting to seek approval for the proposed issue of shares in Clean Hydrogen. The company's focus on Clean Hydrogen Technologies reflects its strategic direction towards clean energy investments. Additionally, BPH's recent Placement to raise $1 million and the progress of its investee, Advent Energy Limited, in the PEP11 Joint Venture, demonstrate the company's commitment to advancing its portfolio and exploring new opportunities in the energy sector. The outlook for BPH Energy involves continued engagement with shareholders and stakeholders to drive sustainable growth and value creation.