Mission NewEnergy Limited (ASX: MBT ) announces today that it has successfully completed the company transformation plan commenced in 2012. Management have continued to improve the balance sheet and restructure the Company’s operations achieving major milestones in 2013 and 2014.
Today Mission is pleased to announce the achievement of the final step of the transformation plan being:
Mission has added 40.28 cents per share of asset value on a fully diluted basis from this Transaction including 10.44 cents per share of cash and enterprise value of Mission’s interest in the Joint Venture of 29.84 cents per share.
Being well capitalized and with all debt removed, the company is focused on driving its Joint Venture interest and is now capable of executing on new opportunities.
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