ASX-listed junior AVZ Minerals is hoping to raise up to A$10-million through an underwritten share purchase plan (SPP) to advance its Manono lithium and tin project, in the Democratic Republic of Congo.
The SPP will be underwritten to A$5-million by Patersons Securities, with the shares to be issued at a 20% discount to the volume weighted average share price over the five days before the date of issue.