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17 Aug 2011

Evolva secures financing of up to CHF 30 million

Evolva Holding has entered into a Standby Equity Distribution Agreement (SEDA) with YA Global Master SPV Ltd. Under the terms of the agreement, YA Global has committed to provide up to CHF 30 million in equity financing over a 36 month period in individual advances of up to CHF 600,000 with an initial advance of CHF 500,000. In exchange for the funds to be provided, YA Global will receive Evolva shares. It remains at the sole discretion of Evolva to determine when to draw the advances.

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