Announcement 9 April
Highlights
Share Placement Update
• A$1.8 million placement completed
• Remaining A$1.8 million placement expected to be completed by 16
April 2020
AVZ Minerals Limited (ASX:AVZ, “the Company”
is pleased to advise the completion of A$1.8 million placement as announced on the 2 April 2020, through the issue of 40,000,000 shares and 60,000,002 options exercisable at $0.06 expiring on 8 April 2022.
As previously advised, the Company successfully received commitments for a placement of fully paid ordinary shares (“New Shares”
to Lithium Plus and other eligible sophisticated and professional investors including a global institutional investor, all of whom are non-related parties, to raise A$3.6 million (before costs) (“Placement”
.
It was one of the Soph’s converting or the global institutional investor.
