im not sure that i understand.....
"The previous approval by shareholders on the placement by Monash expired in March of 2012"
It was only brought to light on the 15th of March 2012...it didnt expire in March 2012
March 15th 2012
Proposed Placement and Project Funding
The Directors of ECT have agreed in-principle with Monash Capital to make a placement of 300 million fully paid ordinary shares (ESI) and 300 million listed options (ESIO) exercisable at 2.0¢ on or before 16 January 2014 for consideration of $4.0 million. ECT will seek shareholder approval for this placement at a general meeting of shareholders, which is expected to be convened late April / early May 2012
http://www.ectltd.com.au/asx-announcements/proposed-placement-and-project-funding/
monash again, page-15
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