Environmental Clean Technologies Ltd Stock Market Press Releases and Company Profile

Melbourne, Jan 16, 2009 AEST (ABN Newswire) - Environmental Clean Technologies Limited (ASX:ESI) advises that it has issued 11,000,000 shares and 32,000,000 options to Fiori Pty Ltd (Fiori). The shares were issued at a price of 2 cents per share. The options (Options) are 2 free attaching options for each share issued on the capital raising and may each be exercised at any time prior to 16 January 2014 for one fully paid ordinary share at an exercise price of 2 cents.

ESI intends to offer all shareholders the ability to participate in a similar issue through a share purchase plan (SPP) to be offered in the near future. The terms of the Options offered under the SPP will be the same as those issued to Fiori and Fiori has offered to participate in the underwriting of the SPP, If ESI is able to comply with the requirements of Chapter 2 of the ASX Listing Rules, which it expects it will be able to do, it will apply for all of the Options to be listed for quotation on the ASX.

ESI expects to be able to provide full information about the SPP in approximately one week from the date of this announcement.

About Environmental Clean Technologies Ltd

Environmental Clean Technologies LimitedEnvironmental 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.

http://www.linkedin.com/company/398938 abnnewswire.com 


Contact

EST Chief Executive
Kos Galtos
TEL: +61-3-9684-0888

ESI Company Secretary
Jan Macpherson
TEL: +61-3-9684-0888



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