CAPITAL MARKETS

Avalon fundraising under pressure

A SHAREHOLDER in Avalon Minerals has presented an application to the federal government’s takeovers panel, citing concerns over Avalon’s recently announced rights issue.

Justin Niessner

Avalon fundraising under pressure

Sidan Superannuation Fund submitted that if the underwriter of the $A5.6 million rights issue obtained control of Avalon it would be to the detriment of shareholders. Sidan also submitted that the...

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