AVM is seeking to raise up to A$535,000 via a private placement of up to 133,750,000 new shares at A$0.004 per share in the Company (“New Shares”) together with one (1) free attaching unlisted option for every two (2) new shares issued in the Company under the placement (“Free-Attaching Options”)
The issuance of the Free-Attaching Options is subject to shareholders’ approval, post the completion of the Placement. Each Free-Attaching Option will have an exercise price of A$0.009 and an expiry date of two (2) years from the date of issue.