CAPITAL MARKETS

Avalon launches spin-off

AVALON Minerals has announced its uranium exploration tenements in Western Australia will be sold to newly established spin-off Caliburn Resources, which plans to list on the local bourse in September.

Kristie Batten
Avalon launches spin-off

The uranium exploration portfolio forms the basis of a $2.4 million initial public offering announced today by Caliburn. The offer comprises 12 million shares at 20c each, of which 3 million will be...

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