Environmental Clean Technologies Limited (ASX:ESI)
Melbourne, June 10, 2009 AEST (ABN Newswire) - Environmental Clean Technologies Limited (ASX:ESI) is pleased to announce the successful completion of its capital raising, with total funds raised of A$3,487,805.26 out of a maximum A$3,500,000.
In addition to the A$2,319,305.26 raised from shareholders and underwriters, as previously announced, ECT, with the assistance of Intersuisse Ltd, has raised A$1,158,500 by way of placing shortfall from the SPP.
Kos Galtos, CEO said; "this completes the Company's current capital raising program. We now have sufficient funds to complete the Coldry acquisition and adequate working capital to progress to the next stage of our development. The directors thank shareholders for their support through this process."
About Environmental Clean Technologies Ltd
Environmental Clean Technologies Limited (ASX: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.
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