Environmental Clean Technologies Expands Share Issuance and Explores New Acquisitions

An announcement from Environmental Clean Technologies Limited ( (AU:ECT) ) is now available.

Environmental Clean Technologies Limited has issued 275 million fully paid ordinary shares at $0.001 each to sophisticated and professional investors, and an additional 45 million shares to the lead manager for their services. The company also issued nearly 40 million shares to employees as part of a salary sacrifice incentive plan. These shares rank equally with existing shares, and the company is exploring potential acquisitions to complement its current activities, although negotiations are still in early stages.

More about Environmental Clean Technologies Limited

Environmental Clean Technologies Limited operates in the environmental technology industry, focusing on developing and commercializing technologies that reduce emissions and improve energy efficiency. The company targets sophisticated and professional investors to support its growth and expansion in the market.

Current Market Cap: A$7.18M

For a thorough assessment of ECT stock, go to TipRanks’ Stock Analysis page.