Australian Vanadium Ltd (ASX:AVL)'s Vincent Algar updates viewers on the company's capital raising endeavours. AVL is seeking $27.5 million to finance ongoing work at its namesake vanadium play in Western Australia. The vanadium stock has already raised $20 million via a placement to institutional, professional and sophisticated investors, but it's also inviting eligible shareholders to get in on the action with a $7.5 million share purchase plan. Algar says the raise ensures his company remains well funded while it implements the next phases of its development program for the Australian Vanadium Project.
Australian Vanadium in $27.5 million capital raising for namesake project
