Environmental Clean Technologies LimitedTRADING HALTThe...

Environmental Clean Technologies Limited
TRADING HALT
The securities of Environmental Clean Technologies Limited (the “Company”) will be
placed in Trading Halt Session State at the request of the Company, pending the release
of an announcement by the Company. Unless ASX decides otherwise, the securities will
remain in Trading Halt Session State until the earlier of the commencement of normal
trading on Wednesday, 11 January 2012 or when the announcement is released to the
market.
Security Code: ESI
Kate Kidson
Principal Adviser, Listings (Melbourne)
Level 8, 530 Little Collins Street, Melbourne Vic, 3000 Australia | Phone +613 9684 0888 | www.ectltd.com.au | ABN 28 009 120 405
Listed on the Australian Stock Exchange (ASX:ESI)
9th January 2012
Kate Kidson,
Principal Adviser, Listings,
ASX Compliance Pty Ltd
Level 4, Rialto North Tower
525 Collins Street
MELBOURNE VIC 3000
Dear Kate,
Re: Request for Trading Halt
Environmental Clean Technologies Limited (ASX: ESI) requests an immediate trading halt in the
Company’s securities pursuant to ASX Listing Rule 17.1.
The trading halt is requested pending finalisation of terms for a proposed placement to be
completed over the next 24 hours. This placement will be for up to $695,000 through the issue of
approximately 116 million new ordinary shares and 58 million listed options (ESIO and will
substantially use the Company’s capacity under Listing Rule 7.1. Furthermore the Company is
planning a further placement to raise a further $405,000, but subject to shareholder approval. The
Company will convene a general meeting of shareholders to ratify the proposed immediate
placement and the second placement.
The party arranging the placements has imposed a condition that the Company’s securities be
placed in a trading halt whilst the funds and commitments are secured over the next 24 hours.
We are not aware of any reason why the trading halt should not be granted and we expect that the
halt will be ended by an announcement by the Company of the placement.
Yours sincerely