News: TMT Australian Vanadium Says Increased Scheme Consideration For Technology Metals Australia

Dec 12 (Reuters) - Australian Vanadium Ltd (AVL) :

• AVL INCREASES SCHEME CONSIDERATION TO BEST & FINAL PROPOSAL FOR TECHNOLOGY METALS AUSTRALIA
• IMPLIED VALUE OF REVISED SCHEME CONSIDERATION IS A$0.308 PER TMT SHARE
• SCHEME CONSIDERATION INCREASED TO 14 AVL SHARES FOR EVERY 1 TMT SHARE
• TMT BOARD UNANIMOUSLY RECOMMENDS TMT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF SUPERIOR PROPOSAL
• IF SCHEME IS IMPLEMENTED, TMT SHAREHOLDERS WILL HOLD APPROXIMATELY 42% OF MERGED GROUP