Shareholder Update – Capital Management

ASX Announcement

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Environmental Clean Technologies Limited (ASX: ESI) (ECT or Company) wishes to advise the completion of a capital raising program to raise short term funding.

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Interim Funding Measures

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The Company has agreed a “FAST Finance” loan of $1,200,000 through Greenard Willing and Platinum Road. The FAST Finance loan is an advance against the expected R&D tax concession due in October-November 2014.

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The Board believes that this is a reasonable source of short-term finance and an appropriate arrangement.

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The key terms of the FAST Finance loan are as follows:

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  • Term: 12 months
  • Repayment: Cash in full from the R&D tax rebate refund
  • Interest Rate: 12.5% p.a. payable upfront
  • Fees: 5% (payable in ESI securities at 0.75c)

Mr. Ashley Moore, Managing Director said, “We appreciate the patience of our shareholders as we continue to work on our longer-term capital management plans. In the meantime, these interim non-dilutive funding measures support to our operational funding needs.”

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marc b von trade rush 2013 FAST Finance loan

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affiliazioni opzioni binarie The Company established a $1,700,000 FAST Finance loan facility earlier this year (announcement 4 February 2013). The term of that facility is 12 months and concludes in January 2014, secured against the R&D Tax Incentive refund received (announcement 11 October 2013).

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binary options about Partial satisfaction of the 2013 Fast Finance loan has been made ahead of the term concluding. Subject to further discussions with facility providers, the balance may be satisfied before the term expiry, and in any event no later than the agreed January 2014 term expiry.

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köpt Viagra på nätet For further information contact:

trading binario intesa s paolo Ashley Moore – Managing Director +61 3 9909 7684 or info@ectltd.com.au

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