CAPITAL MARKETS

Avalon fundraiser on hold

THE Takeovers Panel has issued an interim order, freezing a rights issue recently announced by Avalon Minerals, based on shareholder concerns.

Justin Niessner
Avalon fundraiser on hold

The decision – meant to maintain the status quo until the panel can consider the issue in detail – requires Avalon to postpone the start of deferred settlement trading of new shares under the rights issue....

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