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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2009
Apr 13, 2009
64819_rns_2009-04-13_22f7d7f7-c254-4245-b2b6-0069970277ef.pdf
Capital/Financing Update
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ABN 28 009 120 405
Environmental Clean Technologies Limited
Launch of Share Purchase Plan
Tuesday, 14 April 2009: Environmental Clean Technologies Limited (ASX:ESI) advises that it has today lodged with ASIC the offer document for its 2009 Share Purchase Plan (SPP). The offer document will be mailed to eligible shareholders on Thursday 16 April 2009.
Under the SPP eligible shareholders are entitled to subscribe for up to 250,000 shares each, at a price of 2 cents per share. Applications can be in multiples of $1,000, up to $5,000. For each share subscribed the eligible shareholder will receive 2 free options. Each option will be exercisable for 1 share at an exercise price of 2 cents at any time up to 16 January 2014. The options will be listed on ASX.
The record date for the SPP is Thursday 9 April 2009. Shareholders on the register at 7.00 pm on Thursday 9 April 2009 will be entitled to participate in the SPP.
ESI Chief Executive Kos Galtos said today: “Negotiations on the formal documents for the acquisition of the Coldry IP are progressing well, and the directors are very pleased to now be able to make this innovative offer available to all shareholders. Under the SPP, shareholders have the opportunity both to assist the Company with the acquisition of the Coldry IP and also participate in the very significant upside that we believe exists for the Company.” The SPP will raise a maximum of $3,500,000 and is partly underwritten.
The SPP offer closes on Thursday 30 April 2009.
For further information contact; Chief Executive Kos Galtos +61 3 9684 0888.
Coldry Process
The world’s first economic method for dewatering brown coal, creating a high energy pellet with significantly reduced CO2 emissions compared to brown coal, while being suitable for export as a black coal substitute.
Matmor Process
A one-step method for producing low-carbon iron from inexpensive, abundant brown coals and metal bearing media such as mill scale, nickel tailings and low grade iron ore.
Level 1, 530 Little Collins Street � Melbourne � Victoria 3000 � Australia � +61(0)3 96840888 � www. ectltd.com.au