- Kaolin and mineral processing company Zeotech (ZEO) has received firm commitments to undertake a $1.7 million placement
- 34 million fully-paid ordinary shares will issued to sophisticated and professional investors at five cents
- Zeotech will also use the funds to advance its zeolite pilot plant program and to enhance and develop its mineral processing technology
- The company is currently working with the University of Queensland to commercialize its zeolite mineral processing technology
- This technology uses up to 70 percent less energy and is up to 80 percent quicker than traditional processes
- Shares in Zeotech are up 1.89 percent and trading at 5.4 cents
