COMPANY ANNOUNCEMENT
Immediate Release 12 December, 2016
ASX: EVM OTCQX: EVOMY
RA Solar Development Rights License UpdateEnviroMission has sought advice on the protracted execution of the terms of the Heads of Agreement with Mumbai based, RA Solar PVT Ltd, to secure from EnviroMission, Solar Tower development rights in the India market; as a result, EnviroMission has required RA Solar to provide a definitive timeline for market release.
RA Solar has indicated funds will to be remitted to EnviroMission by Friday 16 December, 2016.
EnviroMission has agreed to this final extension of time, however EnviroMission has not waived its rights under the Agreement and reserves the right to exercise those rights in the event RA Solar does not meet this revised commitment.
Ends
Roger C. Davey
Chief Executive Officer EnviroMission Limited
Enquiries to: Kim Forte
Communications Director
+61414690356
kforte@enviromission.com.au
EnviroMission Limited I | ACN: 094 963 238 | I | 238 Albert Rd, South Melbourne, Victoria, Australia 3205 |
T +61 3 9693 5666 I | F +61 3 9699 7566 | I | E communications@enviromission.com.au |
Enviromission Limited published this content on 12 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 December 2016 10:53:04 UTC.
Original documenthttp://www.enviromission.com.au/irm/PDF/1447_0/RASolarDevelopmentRightsLicenseUpdate
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