An update from Environmental Clean Technologies Limited ( (AU:ECT) ) is now available.
Environmental Clean Technologies Limited has announced an amendment to its security arrangement under a $1.13 million Convertible Note Deed with LJ & K Thomson Pty Ltd. The security will now be a general security deed over the company’s assets, excluding R&D Tax Incentive Rebates and Intellectual Property, subject to shareholder approval. Additionally, after discussions, the conversion price of the notes will remain at $0.00425 per share, contrary to a previously agreed reduction. These changes are subject to approval at an upcoming Extraordinary General Meeting, and the company aims to maintain its strategic financial positioning while ensuring compliance with regulatory requirements.
More about Environmental Clean Technologies Limited
Environmental Clean Technologies Limited operates in the clean technology sector, focusing on developing and commercializing environmentally friendly technologies. The company is involved in creating solutions that aim to reduce emissions and improve energy efficiency.
Current Market Cap: A$10.78M
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