American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Operational and Financial Update

by admin April 10, 2024
April 10, 2024
Operational and Financial Update

Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide the following update in relation to the Company’s operations and finances.

Capital Raising

Avenira has completed the capital raising announced on 18 March 2024 to raise gross proceeds of $1.251 million and net proceeds to AEV of $1.193 million (Capital Raising).

Advanced Lithium Electrochemistry Ltd (“Aleees”)

The Company provides the following update with respect to the Licence and Technology Transfer Agreement entered into between Avenira and Aleees on 26 September 2023 (Licence Agreement).

Aleees and Avenira have agreed to the deferral of the two remaining USD$750,000 tranches owing under the Licence Agreement until 1 January 2025 and 1 April 2025.

Avenira and Aleees have made no changes to the Licence Agreement other than the deferral of the tranche payment dates referred to above, and there are no new or additional obligations on Avenira as a result of the payment deferrals agreed with Aleees.

The deferral of the Aleees payments has no impact on any current work being undertaken in relation to the Licence Agreement and will not impact any future work programs between Avenira and Aleees.

Reinstatement to Quotation

Avenira confirms that it is in compliance with the ASX Listing Rules and is not aware of any reason for its securities not to be reinstated to quotation.

Avenira confirms that, following the completion of the Capital Raising, it has sufficient working capital to carry out its business objectives referred to below.

In the opinion of the directors there are reasonable grounds to believe that Avenira will be able to pay its debts as and when they become due and payable.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Trump Media stock erases all gains since it began trading as DJT shares fall another 11% Monday
next post
Trudeau Earmarks C$2.4 Billion for Canadian AI Innovation in 2024 Budget

Related Posts

Here’s why SMCI stock price may surge despite...

April 16, 2025

IAG share price has crashed: to get worse...

March 20, 2025

Nebius stock slowly forms a double bottom: will...

April 10, 2025

UPS stock price analysis: Here’s why FedEx is...

October 4, 2024

USD/CHF forecast: Here’s why the Swiss franc is...

March 9, 2025

St. George Acquires Brazil-based Araxa Niobium-Rare Earths Project

August 8, 2024

Cryptocurrency price prediction: top 3 altcoins to turn...

March 27, 2025

Costco stock price rare chart pattern points to...

May 27, 2025

Nevada Sunrise Metals

February 27, 2024

WOA Proprietary Technology Successfully Adapted to Produce Pea...

July 10, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,002)
    • Investing (2,453)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved