EnviroMission Ltd. (EVOMY)

[tykundegex]

News out -- a new HOA for Middle East & North Africa!

Enviromission (the company, not yet the share price) is on a tear lately. Not only do they have a HOA in place for Texas and Arizona (including having collected milestone fees in the millions of $), AND the recently announced $100 million investment and HOA for India, but today there is another agreement in place covering the Middle East and North Africa with a Doha-based entity!

http://www.asx.com.au/asx/research/company.do#!/EVM

In today's PR, they give the following details about the upside to EVM:

* partner to invest $1.5 million in EVM shares at A$0.20 (or market price if it's higher), which gives the partner the right to 10 million options at A$0.3 (expiring in one year)
* $3 million development rights fee due by Dec 15, 2015
* annual royalty fee of 1% of all project CapEx
* 10% of gross revenue once operational
* 21% equity stake in each tower (not dilutable below 15%)

This is all fantastic news. But they still have yet to break ground at any of the proposed sites, so it's not in the bag just yet...