March 18 (Reuters) - Carnegie Clean Energy Ltd CCE.AX :
* PLACED CO & UNITS EMC (NYSE:EMC) CO , ENERGY MADE CLEAN AND EMC ENGINEERING AUSTRALIA INTO VOLUNTARY ADMINISTRATION
* AS PART OF RECAPITALISATION PROPOSAL, ENERGY MADE CLEAN BUSINESS WILL BE SOLD OR WOUND-DOWN
* CETO WAVE ENERGY SUBSIDIARY COMPANIES HAVE NOT BEEN PLACED INTO VOLUNTARY ADMINISTRATION
* THERE WILL BE NO FURTHER LOSSES FROM ENERGY MADE CLEAN BUSINESS THAT WILL BE FUNDED BY SHAREHOLDERS
* RECAPITALISATION PROPOSAL BEING DEVELOPED WILL ALLOW SHAREHOLDERS TO PARTICIPATE IN THAT FUTURE THROUGH AN EQUITY RAISING
* MOONEY & PARTNERS, WITH ASYMMETRIC CREDIT PARTNERS, AGREED TO PROVIDE INTERIM FUNDING SUPPORT TO VOLUNTARY ADMINISTRATORS