Shareholder Update

Environmental Clean Technologies Limited (ASX: ESI) (ECT or Company) provides the following update on key activities:

  • Indian Project activities
  • Strategic Review
  • Capital management update

India Project Development Activity

The Company remains in discussions with two Indian Government companies, Neyveli Lignite Corporation (NLC) and the National Mineral Development Corporation (NMDC) with the intent of entering a tripartite collaboration agreement for the development of its Coldry and Matmor technologies.

forex blog ECT is hosting a visit by NLC’s senior management this week, including:

  • Mr. B. Surender Mohan, Chairman & Managing Director
  • Mr. S. Boopathy, Director (Planning & Projects)

trading opizioni binarie Also in attendance is Mr. Anurag Kapil, Director, Ministry of Coal, Government of India. binäre optionen handel inkdiba The visit will incorporate business and project development discussions, live demonstrations of both the Coldry and Matmor process, business meetings and attendance at local industry functions.

nlc-ect-coldry pilot plant
Left to right: Dr Prasad, Chief Manager, Projects and Business Development, NLC; Mr S. Boopathy, Director Planning and Projects, NLC; Mr B. Surender Mohan, Chairman & Managing Director, NLC; Mr Ashley Moore, Managing Director, ECT; Mr Anurag Kapil, Director, Ministry of Coal, Government of India; Mr Jeff Castellas, Managing Director, Greenard Willing India.

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Strategic Review

top option binary trading review In line with its commercialisation objectives and in preparation for a change in operational mode toward project execution, the Company has engaged Platinum Road to conduct a detailed Corporate Strategic review.

cheap generic fincar no prescription The purpose of the review is to assist the Company in transitioning its business as and when projects go live, with a focus on enabling the attracting of strategic and institutional investment into the company. opzioni binarie euro gratis Consideration for the above will be satisfied via the issuance of 11.75 million ESIOB Options, split between commencement and completion of the review and its resulting report.

ffaj binary option Capital Management

binära optioner diagram In support of its commercialisation strategy, the Company has agreed to an extension of the existing “FAST Finance” loan through strategic finance partner Platinum Road. ECT would like to acknowledge Platinum Road’s continued support of its commercialization pathway.

Requip for pets The FAST Finance loan is an advance secured primarily against future R&D tax incentive rebates.

opciones binarias a 1 hora The loan is an extension on the existing $1.439 million facility announced to shareholders on 31 October 2014, with key terms as follows:

Term: 12 months
Interest Rate: 15% p.a. added to the loan amount plus 9.75 million ESIOB Options per tranche drawn
Fees: 5%, incorporated into the loan amount
Total Loan extension value: Up to $1.2 million (including interest and fees), in tranches of $300,000.

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klachten binaire opties Due to the dynamic nature of the business, the parties have built in flexible repayment options, contingent upon various planned activities, allowing for repayment in cash or shares.

trading on line demo gratuiti senza iscriversi Assuming activities go to plan, the loan may be satisfied in cash, or – at the lenders’ discretion – via a placement of ECT shares priced at 2 cents.

binär option erfahrung Should the VWAP of the ESI share price fall below 0.6¢ per share for 10 consecutive days, the conversion price shall become the lower of 2.0¢, or a 5% discount to the lowest daily VWAP for the prior 10 trading days.

order Tastylia without a rx overnight shipping The Directors believe this facility provides short-term capital management flexibility to the company as it pursues its key objective of technology demonstration in India.

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academic dishonesty thesis statement For further information contact:

Ashley Moore – Managing Director +61 3 9909 7684 or