Strong investor interest shown in AVZ's lithium plans

FIVE years on from being a A1c company, AVZ Minerals has raised $75 million by issuing new shares priced at 50c each as it eyes development of the Manono project in Democratic Republic of Congo.

 Strong investor interest shown in AVZ's lithium plans  Strong investor interest shown in AVZ's lithium plans  Strong investor interest shown in AVZ's lithium plans  Strong investor interest shown in AVZ's lithium plans  Strong investor interest shown in AVZ's lithium plans

Drilling at the Manono project

Aside from private investment entity CATH, those participating in the raising weren't disclosed beyond the broad umbrella of "global institutions".

AVZ said the raising was "heavily oversubscribed".

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