25 Sept 2013capital raising announcement▼ BadMajor
Avalon signed a sales agreement on September 24, 2013 with Cowen and Company allowing it to sell common shares from time to time at market prices for up to US$25 million, under a US$500 million base shelf prospectus dated September 10, 2013. Shareholders could be diluted if shares are sold; the filing sets a ceiling, not an amount actually sold.