Ann: EnviroMission Funding Update, page-8

My theory is that the original deal announced on 3rd Sept had a maximum investment of US$110m and that was in the heading of the article. The deal has changed and there is no mention of that extra US$100m now. The total deal now appears to be a takeup of US$10m of ordinary shares and the right to take up a maximum of US$7.5m in rights issues.

Twice now Valentia has not met the deals on time that have been disclosed recently.

I hope my theory is wrong.

GPASAS