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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2014
Jul 27, 2014
64819_rns_2014-07-27_623a2eeb-cdb6-4613-aa94-45e7a7b6992e.pdf
Capital/Financing Update
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New Options – Close of Offer Period
Monday 28 July 2014: Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) advises that its New Options (ESIOA) Offer closed at 5.00pm, Friday 25 July 2014.
Applications received prior to Offer close will be reconciled against cleared funds received over the coming days.
Following reconciliation and receipt of final reports from the Registry the Company will assess the final position of the Offer and provide further updates.
Subject to ASX approval, the allotment and issue of ESIOA options validly subscribed for under the Offer is currently scheduled to occur on Wednesday 6 August 2014, with trading to commence on Thursday 7 August 2014.
For further information contact: Ashley Moore – Managing Director - [email protected]
About ECT
ECT is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.
We are focused on advancing a portfolio of technologies, which have significant market potential globally.
ECT’s business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.
About Coldry
When applied to lignite and some sub-bituminous coals, the relatively simple Coldry beneficiation process produces a black coal equivalent (BCE) in the form of pellets. Coldry pellets have equal or superior energy value to many black coals and produce lower CO2 emissions than raw lignite.
About MATMOR
The MATMOR process has the potential to revolutionise primary iron making.
MATMOR is a simple, low cost, low emission, production technology, utilising the patented MATMOR retort, which enables the use of cheaper feedstocks to produce primary iron.
Level 7, 530 Little Collins Street, Melbourne Vic, 3000 Australia | Phone +613 9909 7684 | www.ectltd.com.au | ABN 28 009 120 405 Listed on the Australian Stock Exchange (ASX:ESI)