Shareholder Update

Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) is pleased to provide the following update.

Key points

  • Equity Lending Facility (ELF) incentive program extended until 5 pm AEST 22 March 2019
  • India project partner NMDC Limited confirms next board meeting for 12 March 2019

ELF Incentive Program Extended

Further to the Company’s announcement of 18 February 2019 outlining its ELF incentive program, ECT is pleased to advise that ECT Finance Limited has extended the offer period for the current 17% discount.

The ELF incentive program originally offered a tiered, time-based discount, starting at 30% for applications received by 5 pm AEST on 1 March 2019, reducing to 17% for application received by 5 pm AEST on 15 March 2019.

The extension follows the announcement by India project partner NMDC Limited (NMDC) of their next board meeting which is to be held on 12 March 2019.

The extension of the ELF incentive close date allows additional time for the Company to update shareholders regarding the outcome of NMDC’s board meeting prior to ELF borrowers deciding if they wish to participate in the incentive offer.

The Company looks forward to providing further information as it becomes available.

For further information, contact:

Glenn Fozard – Chairman           info@ectltd.com.au