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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. M&A Activity 2006
64819_rns_2006-05-25_90214673-4399-4b14-a0ab-8f3cb9c3e24b.pdf
M&A Activity
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SOLUTIONS INTERNATIONAL ENVIRONMENTAL ITD
ABN 28 009 120 405
26 May 2006
Company Announcements Office Australian Stock Exchange Limited
Dear Sir /Madam
By e-Lodgement 1 page
SETTLEMENT OF ASIA PACIFIC COAL AND STEEL ACQUISITION
The board of Environmental Solutions International Limited ("ESI") is pleased to announce that all conditions precedent in relation to the acquisition of 100% of Asia Pacific Coal and Steel Pty Ltd ("APCS") have been satisfied. As such, settlement of this transaction was effectuated on 25 May 2006.
The agreement to purchase APCS was announced on 10 February 2006 and was approved by ESI shareholders at the EGM dated 12 May 2006.
APCS is an environmental technology company which was formed to commercialise and licence its patented Coldry Process and Matmor Process. The patented Coldry Process is a unique process that dewaters brown coal and similar materials by as much as 85% in a mechanically simple and economic way. The patented Matmor Process utilises a modified pellet formed from the Coldry Process in a low cost, low emission retort to produce high quality steel.
More information is available on the APCS website: www.cleancoal.com.au.
Ends.
For further information, please contact:
MR SEAN HENBURY
Company Secretary