ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

EVM Envmission Fpo

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Envmission Fpo ASX:EVM Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

EnviroMission Secures $30,000,000 Hybrid Debt/Equity Facility

12/01/2011 1:00pm

PR Newswire (US)


Enviromission (ASX:EVM)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Enviromission Charts.

PHOENIX, Jan. 12, 2011 /PRNewswire/ -- EnviroMission Limited (ASX: EVM; Pink Sheets: EVOMY) has secured a AUD$30,000,000 hybrid debt/equity funding facility to meet EnviroMission's commercialization objectives for Solar Tower renewable energy power station development.

The hybrid debt/equity agreement with AGS Capital Group will provide EnviroMission with the ability to place EnviroMission securities with AGS Capital Group on an as required basis or at intervals when market conditions support a debt/equity transaction.

New York based AGS Capital Group is a private investment fund with global reach and presence that has facilitated the growth of companies in the United States and companies domiciled in foreign markets.

AGS Capital Group has committed to provide EnviroMission with funds for working capital that will include the completion of site specific front end engineering and design currently being undertaken by Arup for Solar Tower development in the United States.

This funding will also facilitate the acquisition of sites specified for Solar Tower development and will provide the necessary capital to complete regulatory and permitting requirements necessary to meet the development timetable outlined within the Southern California Public Power Authority (SCPPA) Power Purchase Agreement.

"The AGS Capital Group provides innovative and flexible debt and equity financing solutions for companies at varied stages of operation, including growth-stage, mature public companies or  companies that may be seeking public listings, but only after they have undergone extensive due diligence to assess their overall project/investment viability.

"I am pleased to announce that EnviroMission successfully satisfied AGS Capital Group's independent scrutiny and due diligence to secure this very important funding facility," said Roger Davey, EnviroMission's Chief Executive.

"This funding will allow EnviroMission to complete the next critical stages of development with confidence there will be adequate financial means to deliver Solar Tower development through to ultimate project financing," Mr. Davey said.

SOURCE EnviroMission Limited

Copyright 2011 PR Newswire

1 Year Enviromission Chart

1 Year Enviromission Chart

1 Month Enviromission Chart

1 Month Enviromission Chart

Your Recent History

Delayed Upgrade Clock