· Option conversion well subscribed by shareholders with 204,599,484 options converted to shares by 264 holders during December 2018
· $6,161,878 raised by the Company through option conversion
· In addition, 62,750,000 options were underwritten, raising $1,255,000 before costs
· Issue results in cash balance of $9.68M
· Funding in place to accelerate development of AVL’s Gabanintha vanadium project.
· Drilling and pilot metallurgical study underway as part of DFS