Australian Vanadium Ltd finalises placement to sophisticated investors

Australian Vanadium Ltd (ASX:AVL) has finalised a placement for $750,000 before costs to sophisticated investors.

The placement comprised 50 million new shares at $0.015 with a 1:1 free attaching listed option with an expiry of 31/12/2018 with an $0.02 exercise price.

AVL offers investors exposure to all aspects of the vanadium value chain.

The exposure starts with the raw materials through the company’s 100%-owned Gabanintha Vanadium Project in Western Australia.