6 December 2023
Avenira Successfully Completes
Approximately A$5 Million Placement
Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to announce that it has successfully
completed a placement of new fully paid ordinary shares to raise approximately A$5 million (before costs)
(the “Placement”).
Avenira received significant demand during the Placement bookbuild from high-quality existing and new
sophisticated and institutional investors located in Australia and internationally. In addition, all the
directors 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 Phosphate
Projects.
The Placement includes a strategic equity investment of A$2 million from Sichuan Hebang Biotechnology
Corporation Limited (SHSE: 603077) (“Hebang”). In addition, Avenira has entered into a non-binding
Strategic Cooperation and Offtake Memorandum of Understanding (“MOU”) with Hebang. The MOU
establishes a framework for close cooperation between Avenira and Hebang for the development of the
Wonarah Project, covering the development of a yellow phosphorous plant, direct shipping of phosphate
ore and the development of renewable energy solutions.
1
Singapore-based resource investment firm Golden Energy and Resources (GEAR) also participated in the
placement. Commenting on their investment in Avenira, GEAR said:
“This strategic investment underscores our confidence in the ability of the Avenira team and the
commitment of the Northern Territory government to bring into production this significant phosphate
project critical to securing the world's food and energy security.”
Placement Details
434,314,311 fully paid ordinary shares, will be issued under the Company’s existing Listing Rule 7.1
(260,588,587 shares) and 7.1A (173,725,724 shares) placement capacity at an issue price of A$0.011 per
share to raise approximately A$4.8 million, before costs.
In addition, 21 million shares at A$0.011 per share to raise A$231,000, before costs, will be issued to
Directors of the Company, subject to shareholder approval to be sought at a General Meeting to be held in
late January 2024.
Commenting on the Placement, Avenira Chairman and Chief Executive Officer, Brett Clark stated:
“We are very pleased to welcome Hebang and GEAR as substantial shareholders of Avenira. The
introduction of these groups as investors is a testament to the significant steps undertaken by
the Company to progress the development of the world-class Wonarah Phosphate Project.
1 See Avenira ASX announcement 4 December 2023
Page 2
The relationship with Hebang creates an opportunity for Avenira to accelerate the move
downstream to the production of yellow phosphorus, adding substantial value to Wonarah
resource and delivering a key element in the production of LFP. And GEAR brings substantial
development and operations experience in the mining and energy sectors across Asia and
Australia, that may be valuable to us as we embark on the development of Wonarah.
On behalf of Avenira’s board and management, I would like to take this opportunity to thank
shareholders for their long-standing support.”
Petra Capital Pty Ltd acted as Sole Lead Manager and Bookrunner to the Placement. BurnVoir Corporate
Finance acted as financial adviser to the Company.
An indicative timetable for the Placement is set out below. The timetable remains subject to change at the
Company’s discretion, subject to compliance with applicable laws and listing rules.
Indicative Timetable
Event Date
Trading Halt Lifted and Announcement of
Completion of Placement Wednesday, 6 December 2023
Settlement of Hebang Placement Shares Monday 11 December 2023
Settlement of Placement Shares Tuesday, 12 December 2023
Allotment and Quotation of Hebang Placement
Shares Tuesday, 12 December 2023
Allotment and Quotation of Placement Shares Wednesday, 13 December 2023
Notice of Meeting sent to shareholders (NOM) On or around 21 December 2023
General Meeting for Shareholders to Consider
Approval of Directors’ Placement Shares Mid - late January 2024
Settlement of Directors’ Placement Shares End January 2024
Allotment and Quotation of Directors’ Placement
Shares End January 2024
This timetable is indicative only and the Company may, at its discretio
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