COMPLETION OF $15 MILLION PLACEMENT TO INSTITUTIONAL INVESTOR
The Company has completed the settlement of the issue and allotment of 60,000,000 ordinary shares at an issue price of 25 cents per share and 30,000,000 unlisted options exercisable at 30.5 cents on or before 28 February 2020, to raise A$15,000,000, as announced on 26 February 2018 (Placement). An Appendix 3B is attached.
hard to believe they can raise $15 million at 25 three months ago and sp has halved since then and news has only got better. im stumped as to the selling.
AVZ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
