Dear Jon
Request for Voluntary Suspension
Environmental Clean Technologies Limited (ASX:ECT) requests a voluntary suspension in the
trading of its securities immediately following the expiry of its current trading halt today.In
accordance with Listing Rule 17.2, the Company provides the following information:
The Company has provided frequent updates on the requirement for, and progress of,
thesubmission of the Research Collaboration Agreement (RCA) to the boards of its India
project partners, NLC India Limited (NLCIL) and NMDC Limited (NMDC) for its landmarkIndia project.
On Friday 9 November 2018 a Trading Halt was granted to allow the Company to confirmthat:
the final report for the external legal review of its RCA had been released, and;
the final report and RCA have been accepted for inclusion on the agenda for NLCIL’sNovember
board meeting.
The Company is pleased to confirm that:
the final report for the external legal review has been released to the Company’spartners, NLCIL and NDMC, and;
the final report and RCA have been accepted for inclusion on the agenda for
bothNLCIL’s and NMDC’s board meetings this month.
The voluntary suspension is requested pending the outcome of board meetings to be heldby NMDC and NLCIL
on 13 and 14 November, respectively.
At these board meetings, executives of NLCIL and NMDC will be seeking approval of theagreed commercial terms
and authority to subsequently sign the RCA at a date to beconfirmed.
Such approvals are the next major milestone towards ‘financial close’, which onceachieved,
will formalise the commencement of the Company’s India project.
The outcome of the board meetings will be the subject of an announcement that the
Company expects to make on Thursday 15 November.
The Company requests that the voluntary suspension remains in place until anannouncement is
made by the Company in relation to the above.
The Company is not aware of any reason why the voluntary suspension should not begranted.
Yours sincerely,
Martin Hill
Chief Financial Officer& Company Secretary
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1.077K | 538.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 285269 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 15109396 | 25 |
View Market Depth
No. | Vol. | Price($) |
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53 | 29615050 | 0.002 |
29 | 39986532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11817586 | 23 |
0.004 | 5761488 | 9 |
0.005 | 3716859 | 24 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 10.02am 04/12/2024 (20 minute delay) ? |
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