$6.6M RAISED FROM SUCCESSFUL SPP & PLACEMENT Key Points • $6.6...

$6.6M RAISED FROM SUCCESSFUL SPP & PLACEMENT
Key Points
• $6.6 million raised to advance The Australian Vanadium Project
• Funds to be used to complete DFS and conduct in-fill drilling aimed at extending the Project’s
lifespan
• Ongoing focus on positioning AVL as a global, low cost vanadium producer via optimising
capital and operating costs
• AVL continuing discussions with prospective off-take, finance and Joint Venture partners
• Commonwealth Government Major Project Status award to assist progress of Project
approvals



All eligible shareholders who applied for new
shares in the SPP will be allotted new shares equal to their application amount in accordance with the SPP
terms and conditions. The issue of shares under both the SPP and placement will take place on Thursday
26 September, with new shares trading on Friday 27 September 2019. 450,250,404 new shares will be
ASX: AVL | australianvanadium.com.au 2
issued under the SPP and a further 123,226,087 new shares will be issued for the Placement, making a
total of 573,476,491 new shares to be issued.