Ecometals Limited Announces Closing of a Share Placing and Loan Financing as Well as an Extension to the Closing of Sale of Serra Do Navio Manganese Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2011) - Ecometals Limited (the "Company") (TSX VENTURE:EC)(FRANKFURT:GDQ)(BERLIN:GDQ) is announcing today the closing of a private placement (the "Offering") raising gross proceeds of CDN$130,000 whereby 650,000 units of securities of the Company (each, a "Unit")...

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