AVL Increases Scheme Consideration to Best and Final Proposal

AVL Increases Scheme Consideration to Best and Final Proposal- Australian Vanadium Limited (ASX: AVL) (AVL) and Technology Metals Australia Limited (ASX: TMT) (TMT) are pleased to announce AVL has increased the total consideration offered under the scheme of arrangement (Scheme) announced on 25 September 2023 (Announcement Date) from 12 AVL shares for every 1 TMT share (Original Scheme Consideration) to 14 AVL shares for every 1 TMT share (Revised Scheme Consideration). Based on the closing price of AVL Shares on 8 December 2023 (being the last date that AVL and TMT shares traded prior to this announcement), the implied value of the Revised Scheme…

Source: investingnews.com