Hi Aliasdave, Check latest announcements. Some details copied...

Hi Aliasdave, Check latest announcements. Some details copied below.
ASX: AVL | australianvanadium.com.au3 AUSTRALIAN VANADIUM LIMITED (ACN 116 221 740)SHARE PURCHASE PLAN TERMS AND CONDITIONSThese terms and conditions are the terms and conditions of the Australian Vanadium Limited (ACN 116 221 740) (Company) 2019 Share Purchase Plan and are binding on any shareholder providing a completed Share Purchase Plan Application Form to the Company.1.OfferThe Offer is an invitation to apply for fully paid ordinary shares in the Company (Shares) up to a maximum subscription of $15,000 at an issue price of $0.0115 per Share (New Shares) (Offer). The Offer to each eligible shareholder is made on the same terms and conditions. The Offer is non-renounceable.2.EligibilityYou are only eligible to apply for New Shares (Eligible Shareholder) ifa)your registered address in the Company’s register of members is in Australia or New Zealand or any other jurisdiction where in the reasonable opinion of the Company it is lawful and practical for the Company to offer New Shares; and(b)you were registered as a holder of Shares as at 5.00pm AWST on Tuesday, 20 August 2019.3.Issue PriceThe issue price for each New Share under the Offer is $0.0115 per Share.In accordance with the requirements of ASIC Class Order [CO 09/425], the Company confirms that the issue price is less than the market price of Shares during a 'specified period' in the 30 days before the date of the Offer (such specified period being the 5 days in which trading in Shares occurred prior to the date of announcing the Offer). In accordance with ASX Listing Rule 7.2 Exception 15, the issue price is equal to or greater than 80% of the volume weighted average price for the 5 days in which trading in the Shares occurred before the date of the announcement of the Offer.