Update from company - FYI
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01209671
Avalon receives commitments of $1.9 million share placement.
Placement compromised of 21.5 milion shares @ 9c each and a number of directors subscribed to it.
hoping the best, fearing the worst..., page-8
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