Under the terms agreed to by Clean Coal and the SEC, Clean Coal, without admitting or denying liability, would pay a civil penalty of $25,000 and would be permanently enjoined from violating certain securities laws. The settlement remains subject to approval by the court, which must approve its terms and enter the final judgment.
Clean Coal Technologies holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The company’s trademarked end products, “Pristine™” coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal.
