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Carnegie Clean Energy set to resume trading, with big plans for CETO wave power

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Resurrected Australian wave power company Carnegie Clean Energy is poised to resume trading on the Australian stock exchange on Thursday, nearly eight months after it went into voluntary administration.

The company said this week that it had met the ASX conditions for its reinstatement, having also met the minimum subscription amount of $5.5 million in its capital raising – mostly from existing shareholders, with some funds from new third-party investors.

“Carnegie can now begin to rebuild and restart our efforts to create future shareholder value through wave energy related activities,”…

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