Update: Shortfall Program
Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) advises the shortfall placement program following on from the Rights Issue covered by the Prospectus dated 26 August 2011 has closed today, 23 December 2011, to ensure compliance with ASX Listing Rule 7.2 exception 2.
As of 23 December 2011 the Company will have allotted 363.3 million New Shares and 181.7 million New Options to raise $2.2 million of its target $3.8 million from the Rights Issue.
The Company will continue to pursue fund raising opportunities to meet its business objectives of completing the Design for Tender (DFT) and pursue development of the Company's technologies.
For further information contact:
Mike Davies - Managing Director +613 9909 7684 or [email protected]