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Avenira Limited ( (AU:AEV) ) just unveiled an update.
Avenira Limited has drawn down an additional $2 million from a $7.567 million unsecured loan facility provided by its largest shareholder, Sichuan Hebang Biotechnology Corporation Limited. This funding is intended to support the development of the Wonarah project while awaiting necessary shareholder and regulatory approvals, indicating a strategic move to ensure project continuity and financial stability.
More about Avenira Limited
Avenira Limited is a company involved in the development of the Wonarah project, focusing on the mining industry. Its primary activities include securing investments to progress its projects, with a market focus on resource development.
Average Trading Volume: 656,042
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.78M
For an in-depth examination of AEV stock, go to TipRanks’ Overview page.