Ecometals Ltd. announced that it has received $0.15 million in funding.
On September 23, 2013, Ecometals Ltd. closed the transaction. The company issued 150 units at $1,000 per unit for gross proceeds. The debentures issued will carry an interest of 10% per annum. The transaction included participation from 11 placees. The debentures issued have a conversion price of $0.05 per share. Debentures and warrants mature on September 23, 2014. The company announced that the TSX Venture Exchange had accepted for filing documents with respect to the transaction. All securities issued are subject to a hold period expiring on January 24, 2014.