CAPITAL MARKETS

Rollercoaster trading as Avalon attracts merger interest

SHARES in Avalon Minerals shot up 50% this morning after a 20% drop yesterday as confirmation of recent merger interest spiced up an ongoing process to reopen a failed rights issue.

Justin Niessner
Rollercoaster trading as Avalon attracts merger interest

Today the company said more than one unrelated third party was proposing discussions with a view to merge. “The approaches are very preliminary and non-specific in most key respects, including as...

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