Ecolomondo closed non-brokered private placement of C$506,660
According to a recent press release by Ecolomondo, the company completed a non-brokered private placement, raising C$506,660.04 through the sale of 2,814,778 units at C$0.18 per unit. Each unit consists of one common share and one warrant, allowing the purchase of an additional share at C$0.24 within two years. This financing, combined with a $3 million loan from Export Development Canada, will support the development and expansion of Ecolomondo's Thermal Decomposition Process technology and facilities.