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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2019
Jul 8, 2019
64819_rns_2019-07-08_2a018c03-a9e4-4f8e-8e7f-a41cc35ac173.pdf
Capital/Financing Update
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Shareholder Update
Technology Acquisition & Voluntary Suspension Update
Tuesday 9 July 2019: Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) is pleased to provide the following update on the completion of the acquisition of a new waste-to-energy (WTE) technology.
The acquisition has been completed and all matters relevant to the settlement of this transaction have been finalised.
The Company is finalising the full announcement and will remain in suspension until its release.
For further information, contact:
Glenn Fozard – Chairman [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 licensing 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.
Areas covered in this announcement:
| ECT(ASX:ECT) | ECTFinanceECT IndiaIndiaProjectAust.ProjectsR&DHVTFBusinessDevelop. | Sales |
|---|
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:ECT)