AEV 20.0% 0.6¢ avenira limited

The Placement includes a strategic equity investment of A$2...

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    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.

    GLA
 
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