Monthly Archives: November 2008

ECT and Pacific Capital execute Convertible Note documentation

Environmental Clean Technologies Limited (ASX:ESI) confirms that documentation to establish the A$10M Zero Coupon Convertible Note facility with Pacific Capital Value Fund has now been executed. ECT Chief Executive Kos Galtos said; “finalisation of the documentation surrounding the convertible note and the strong support given by key shareholders in the provision of shares to underpin the convertible notes, gives… Continue Reading

Letter of Intent Signed

Environmental Clean Technologies (ASX:ESI) has today received back a signed Letter of Intent from Vietnamese based coal brokers, Victoria Capital, to supply 20M tonnes of Coldry to the company over the next 20 years. ECT Chief Executive Kos Galtos said this was a major milestone in the company’s history and he would work with Victoria… Continue Reading

Cleansing Statement

Trading Notice – Section 708 (5) (e) Notification Tuesday 18 November 2008: ECT (ASX:ESI) refers to a placement of 3,848,425 ordinary shares and 962,106 share options referred to in the company’s ASX Release yesterday. The Corporations Act 2001 (Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708… Continue Reading

Chairman’s Address to Shareholders

First of all, let me give you the good news that your company this morning received its first signed letter of intent from an offshore Coldry customer for product and equity participation. More of that later. The last time we had the opportunity to meet face to face was at the General Meeting in September… Continue Reading

Fortrend Drawdown Notice

Environmental Clean Technologies Limited (ASX:ESI) advises that it has made the drawdown from Fortrend under the Standby Subscription Agreement dated 31 August 2007 and advised to market on 11 November 2008. Under the drawdown ECT has issued shares and options in accordance with the attached Appendix 3B. The funds from the drawdown go towards meeting… Continue Reading

Convertible Note Terms Agreed

Environmental Clean Technologies (ASX:ESI) is pleased to advise that as part of its equity financing arrangements, it has reached commercial agreement with Pacific Capital Value Fund and Pacific Capital Management Limited (Pacific Capital) on the terms of the documents required to implement the $10m convertible notes, first announced to the ASX on 8 August. In… Continue Reading

MoU Signed with Transfield Services

ECT (ASX:ESI) has today signed a Memorandum of Understanding (MOU) with Transfield Services, a global provider of asset and project management and operations and maintenance services. Negotiating with Transfield Services as the preferred provider of operations and maintenance services takes ECT one step closer to bringing the Coldry technology to market. ECT holds the patents… Continue Reading