A major finance deal will be a long long way off, so will be the...

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Kikker1959

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24/01/19

09:47

Post #: 37207905
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Originally posted by sunny1984 ↑

So, after the few days, who was right, who was not-so right:

From the ANN:

AVZ Minerals Limited (ASX: AVZ) announces it is offering by way of a prospectus, a Share Purchase Plan (“SPP” to raise a minimum of A$5 million (up to a maximum of A$10 million before costs) to advance its Manono Lithium and Tin Project (“Project” in the Democratic Republic of Congo (“DRC” and for general working capital.

The SPP will afford the Company’s Eligible Shareholders the opportunity to participate and support their Company. The SPP will be underwritten to A$5 million by Patersons Securities Limited (“Patersons” which is acting as Lead Manager and Underwriter to the offer. The New Shares (as defined below) will be issued at a 20% discount to the VWAP trading price over the 5 trading days before the date of issue of the New Shares and will only be offered to Eligible Shareholders (as defined below) free of brokerage and fees

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A major finance deal will be a long long way off, so will be the start of a mine IMO

AVZ Price at posting: 6.7¢ Sentiment: None Disclosure: Not Held
17 Upvote

0 Great analysis

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A major finance deal will be a long long way off, so will be the...

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

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