EnviroMission Ltd. (EVOMY)

[tykundegex]

News: Enviromission Solar Tower Project Finance Commitment

http://www.asx.com.au/asxpdf/20120112/pdf/423qp21vwwfpdt.pdf


In summary, the construction of Tower #1 in La Paz (Arizona) will be fully financed by a third-party, and that investor will own a majority equity stake in the Tower itself.

This means NO DILUTION for EVM shareholders, and NO DEBT for EVM. That makes for a far more compelling investment than just about all of the other funding scenarios they could have secured. Details of this financing will be released "early 2012".

I think this is the ideal situation to get started. Recall that the IP alone was valued at A$60 million, and with today's share price (A$0.036) the market values the company at only A$13 million.

Issued shares: 372,134,534 (as of Dec 2011).

This company needs new eyes and the prospect of more towers, and the share price could really take off!