ASX-listed Australian Vanadium has raised more than A$6-million through option conversion, to fund the completion of a definitive feasibility study on the Gabanintha vanadium project, in Western Australia.
The company on Thursday noted that more than 204.59-million options had been converted into shares by 264 holders during December last year. An additional 62.75-million options were underwritten, raising a further A$1.25-million.