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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2014
Jun 24, 2014
64819_rns_2014-06-24_5afdac37-7cb0-4ae6-9db1-d18a095db70d.pdf
Capital/Financing Update
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Shareholder Update – New Options Issue
Wednesday 25 June 2014: Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) provides the following update on the progress of the issue of New Options.
New Options & Bonus Options
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Shareholders approved the issue of New Options and Bonus Options at a General Meeting held on 30 May 2014.
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The Company is in the final stages of Prospectus preparation and is aiming to lodge with ASX and ASIC on Monday 30 June 2014.
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A revised timetable for the Offer will be contained in the Prospectus.
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Further information on the New Options and Bonus Options may be found in the Notice of Meeting issued on 30 April 2014 and available on both the ASX and Company websites.
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)