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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2017
Jul 13, 2017
64819_rns_2017-07-13_e14fd210-8301-489b-adc5-9383c4d394a2.pdf
Capital/Financing Update
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Equity Lending Facility Applications Open
Friday 14 July 2017: Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) is pleased to provide the following attached announcement by its subsidiary, ECT Finance Pty Ltd (ECTF).
For further information:
Ashley Moore – Managing Director [email protected]
About ECT
ECT is in the business of commercialising leading-edge energy and resource 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 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.
About the India R&D Project
The India project is aimed at advancing the Company’s Coldry and Matmor technologies to demonstration and pilot scale, respectively, on the path to commercial deployment.
ECT have partnered with NLC India Limited and NMDC Limited to jointly fund and execute the project.
NLC India Limited is India’s national lignite authority, largest lignite miner and largest lignite-based electricity generator.
NMDC Limited is India’s national iron ore authority.
388 Punt Road, South Yarra, VIC 3141 Australia | Phone +613 9849 6203| www.ectltd.com.au | ABN 28 009 120 405 Listed on the Australian Stock Exchange (ASX:ESI)
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Equity Lending Facility
Applications Open
Friday 14 July 2017: ECT Finance is pleased to announce that the online application platform to receive Equity Lending facility (ELF) applications will open from 2pm (AEST) today, Friday the 14 July 2017, and close at 5pm (AEST) on Wednesday 26 July 2017.
Optionholders who pre-registered will need to complete this application process.
A link to the ELF online application platform is available on the ECT Finance website - www.ectfinance.com.au.
Applicants may email questions to [email protected].
Updates and answers to frequently asked questions will be provided via the ECTF website over the course of the application period.
For further information: [email protected]
About ECT Finance
ECT Finance is a fully owned subsidiary of ECT and is in the business of providing financing solutions including:
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Equity Lending Facility (ELF)
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Supply agreement financing
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Project financing
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Equipment financing
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Cash flow financing
388 Punt Road, South Yarra, VIC 3141 Australia | www.ectfinance.com.au | ACN 619 944 099