ASX-listed Australian Vanadium has launched an underwritten share purchase plan (SPP) to raise a minimum of A$3.5-million to advance the development of its Australian Vanadium project, in Western Australia.
Eligible shareholders will be given the opportunity to subscribe for up to A$15 000 worth of new shares in Australian Vanadium, priced at 1.15c each, with Patersons Securities acting as lead manager and underwriter to the offer.