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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2020
Feb 6, 2020
64819_rns_2020-02-06_63530629-34e3-4d58-9a6c-5a955f56db99.pdf
Capital/Financing Update
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Shareholder Update
Entitlement Offer - Minimum Subscription Achieved
7 February 2020: Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) is pleased to provide the following update.
Non-Renounceable Entitlement Offer
Minimum subscription under the Offer dated 6 December 2019 has been achieved and details will be supplied following the close of the Offer, being this Monday 10 February 2020 at 5 pm (AEDT).
Insurance Claim Process
The Company also wishes to advise that the next insurance claim part-payment of $1.1m will be paid in the coming days.
Further details will be provided in due course.
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 HydroMOR
The HydroMOR process has the potential to revolutionise primary iron making.
HydroMOR is a simple, low cost, low emission, hydrogen-driven technology which enables the use of ‘low value’ feedstocks to produce primary iron.
About COHgen
The COHgen process has the potential to deliver a lower cost, lower emission method for hydrogen production from brown coal.
COHgen is currently advancing through fundamental laboratory development to inform its patent application ahead of scale up and commercialisation.
About CDP-WTE
The catalytic depolymerisation-based waste-to-energy process converts ‘low-value’ resources into higher-value diesel and other valuable by-products.
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)
CDP-WTE can be deployed as a standalone solution or integrated with the Coldry process to deliver higher-value, lower-emission energy solutions to lignite resource owners.
Areas covered in this announcement:
| ECT (ASX:ECT) |
ECT Finance |
ECT India | Aust. Projects |
R&D | HVTF | Business Develop. |
Sales |
|---|---|---|---|---|---|---|---|
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