Envision Solar International, Inc. (OTCBB:EVSI) announced a private placement of 4,000,000 units to accredited investors at $0.30 per unit for gross proceeds of $1,200,000 on January 9, 2013. Each unit consists of two common shares and one warrant. Each warrant is exercisable at $0.20 per share to purchase an additional common share of the company for a period of one year. All securities issued will be pursuant to Regulation D. Allied Beacon Partners, Inc. will serve as placement agent to the company. It will pay 8% of the gross proceeds raised as cash commission and will also issue warrants to purchase shares of the company equal to 5% of the total number of shares issued. The warrants will have a five year term and will be exercisable at $0.25 per share. Mark Richardson, Esq of Richardson and Associates will serve as a legal advisor to the company. The transaction is expected to be closed by March 15, 2013.

The minimum investment accepted from any outside investor will be $5,000. As part of the transaction, Denis Beeby from Allied Beacon Partners, Inc. will serve as an agent in the transaction. The company will pay a sales commission of $96,000 as part of the transaction.

On February 8, 2013, the company announced that it will now issue 7,300,000 units in the transaction for gross proceeds of $2,190,000. The transaction is expected to close by March 15, 2013, but may be extended for up to an additional 90 days.

As of February 13, 2013, the company has raised $1,453,000 in the transaction. The tranche saw participation from 14 investors. The company paid $175,200 as sales commission to Denis Beeby from Allied Beacon Partners, Inc.

As of March 31, 2013, the company announced that it has received $1,843,700 in funding from the transaction through the issuance of 6,145,667 units. The company issued 12,291,333 shares at $0.15 per share and 6,145,667 warrants. The company paid $147,496 of capital raising fees as part of the transaction.