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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2010
Oct 27, 2010
64819_rns_2010-10-27_d63e6117-5cb4-4c5a-8916-ea4871ce8fa1.pdf
Capital/Financing Update
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Funding Agreement signed with La Jolla Cove Investors
Thursday, 28 October 2010 : Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) wishes to announce it is has executed the Funding Agreement with La Jolla Cove Investors, Inc. (La Jolla Cove) per the details announced Wednesday 27 October 2010.
The Company will issue Convertible Notes to La Jolla Cove progressively on receipt of payments towards the US$2,500,000 aggregate issue price of the Convertible Notes.
For Further Information Contact:
Kos Galtos - Chief Executive +61 3 9684 0888 or [email protected]
About ECT
ECT is in the business of commercialising and selling disruptive, leading-edge technologies that have game-changing potential within the energy and resources sector that are capable of delivering environmental and commercial benefits.
We are focused on advancing a portfolio of such technologies that have attractive market potential. This potential is largely informed by global markets that exhibit significant potential for growth and enable us to secure sustainable profits through licensing royalties or other commercial mechanisms.
About Coldry
When applied to lignite and some sub-bituminous coals, the mechanically simple Coldry process produces a black coal equivalent (BCE) in the form of pellets that are stable, easily stored, can be transported and which can be of equal or better energy value than many black coals, whilst significantly reducing CO2 emissions.
About Matmor
The Matmor process is positioned to revolutionise primary iron making thanks to the design of our simple, low cost, low emission, patented Matmor retort using cheaper, alternative raw materials.
Level 8, 530 Little Collins Street, Melbourne Vic, 3000 Australia | Phone +613 9684 0888 | www.ectltd.com.au | ABN 28 009 120 405 Listed on the Australian Stock Exchange (ASX:ESI)