EVOL Evolve Capital

 
TIDMEVOL 
 
15 February 2012 
 
               Evergreen Oil Plc ("Evergreen" or the "Company") 
 
                           GBP225,000 Funding Facility 
 
                                      and 
 
                          Change of Registered Office 
 
Further to the announcement on 23 December 2011 concerning the funding 
facility, Evergreen Oil Plc, the producer of biodiesel from waste cooking oil, 
announces that the Company has received GBP225,000 in the form of convertible 
loans. 
 
Funding Facilities 
 
The Company has received GBP200,000 through a convertible loan facility provided 
by a member of CEO Roberto Avondo's family. Under the facility, the funds will 
be used solely for the purchase of feedstock and related expenses. The loan is 
repayable on or before 31 December 2012 and carries an interest rate of 15% per 
annum. The loan is convertible at the lender's option into ordinary shares of 
1p each in the Company ("Ordinary Shares") at a conversion price of GBP0.0788. 
The Company has received a further GBP25,000 through a convertible loan facility 
provided by the Company's Chairman, David Cowham. The loan is repayable on or 
before 31 December 2012 and carries an interest rate of 15% per annum. This 
loan is also convertible into Ordinary Shares at a price of GBP0.0788. 
 
Both loans are secured by a fixed and floating charge on the property and 
assets of Evergreen Oil (High Laver) Limited, the Company's wholly-owned 
subsidiary. 
 
As the convertible loans constitute a related party transaction, the Board 
(excluding Roberto Avondo and David Cowham), having consulted with the 
Company's financial adviser, consider the terms of the loan are fair and 
reasonable insofar as shareholders are concerned. 
 
Change of Registered Office 
 
The Company's registered office address has been changed to 16 Union Road, 
Cambridge CB2 1HE. 
 
For further information please contact:- 
 
Evergreen Oil plc 
 
Roberto Avondo, CEO Tel: +44 (0) 7894 567341 
 
Email:roberto.avondo@evergreenoil.co.uk 
 
Web: www.evergreenoil.co.uk 
 
 
Alexander David Securities Ltd 
 
Fiona Kinghorn Tel: (0) 207 448 9829 
 
Email: fiona.kinghorn@ad-securities.com 
 
Tel: (0) 207 448 9800 
 
www.ad-securities.com 
 
This announcement has been issued by Evergreen Oil plc, 16 Union Road, 
Cambridge CB2 1HE. 
 
The directors of Evergreen Oil plc accept responsibility for this announcement. 
 
 
 
END 
 

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