CAPITAL MARKETS

Avalon reopens revised rights issue

AFTER a turbulent few weeks that saw the axing of its managing director and a process involving the Takeovers Panel, Avalon Minerals has reopened its previously nixed rights issue with some conditions.

Justin Niessner

Avalon reopens revised rights issue

The reopened rights issue is on the basis of one new share for every fully paid ordinary share in the company held by a shareholder at a price of A1c per new share. Funds may be raised up to $5.9...

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