EQTEC draws third tranche from $10m financing facility

(Sharecast News) - Waste gas-to-energy technology solutions company EQTEC has drawn down a third tranche of $0.86m, under its $10m financing facility provided by Cuart Investments Fund and associates, which was announced on 5 July and 27 September.The AIM-traded firm said the total amount drawdown to date under the facility amounted to $3.33m (£2.6m)."The proceeds of the drawdown will be used to further develop the company's existing project portfolio, to avail of possible investment opportunities and for general working capital," the EQTEC board said in its statement.