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Environmental Clean Technologies Limited ( (AU:ECT) ) has issued an update.
Environmental Clean Technologies Limited has completed Tranche 1 of its placement, raising $475,000 to enhance financial flexibility for key initiatives. The company plans to seek shareholder approval for Tranche 2 to raise an additional $275,000. Additionally, a short-term loan of $150,000 has been agreed upon with Zero Quest Pty Ltd to support working capital. The company also plans to amend a $1.13M Convertible Note, aligning terms with market conditions to support long-term growth objectives.
More about Environmental Clean Technologies Limited
Environmental Clean Technologies Limited operates in the clean technology industry, focusing on developing and commercializing technologies that aim to reduce emissions and enhance energy efficiency. The company is listed on the Australian Securities Exchange under the ticker ASX: ECT.
Current Market Cap: A$12.47M
See more data about ECT stock on TipRanks’ Stock Analysis page.