Where has ALL THE MONEY GONE and still no M L...OMG.. $155...

Where has ALL THE MONEY GONE and still no M L...OMG.. $155 MILLION

Capital Raising/ Project Financing

AVZ completed two highly successful share placements during the 2022 financial year, raising a total of A$115 million
(before costs). In early July 2021, the Company raised A$40 million (before costs) via the issue of 307,692,308 shares
at an issue price of $0.13 per share while in early December, the Company raised A$75 million (before costs) with the
issue of 150,000,000 shares at an issue price of $0.50 per share.
The share placements were well supported by several Tier 1 North American and Australian institutions along with
global institutions in Europe, Singapore, Malaysia and the Middle East, as well as existing sophisticated shareholders,
including CATH.