Melbourne, June 10, 2009 (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 Limited
Environmental Clean Technologies Limited (ASX:ESI) is principally engaged in the research and development of Coldry, the process of dewatering brown coal to produce a black coal substitute. Coldry process produces pellets that can be stored, transported and is of equal energy value than black coal.
Environmental Clean Technologies Limited
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