[ I don't recall AVL making statements about being fully funded through to the DFS delivery but others may be better read up on that than me.] - see announcement dated 10 Jan 2019.Option conversion puts AVL in strong financialposition to complete DFS
- Option conversion well subscribed by shareholders with204,599,484 options converted to shares by 264 holders duringDecember 2018
- $6,161,878 raised by the Company through option conversion
- In addition, 62,750,000 options were underwritten, raising$1,255,000 before costs
- Issue results in cash balance of $9.68M
- Funding in place to accelerate development of AVL’s **aninthavanadium project.
- Drilling and pilot metallurgical study underway as part of DFS
I was surprised with this CR also.
[ I don't recall AVL making statements about being fully funded...
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