In addition, all thedirectors of Avenira are participating in the Placement, subject to shareholder approval.Proceeds from the Placement will be used primarily to progress the development of Avenira’s PhosphateProjects.The Placement includes a strategic equity investment of A$2 million from Sichuan Hebang BiotechnologyCorporation Limited (SHSE: 603077) (“Hebang”)
Ann: Avenira Successfully Completes A$5 Million Placement, page-3
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