AVL Completes TMT Takeover with Tax Clarity

Australian Vanadium Limited (AU:AVL) has released an update.

Australian Vanadium Limited (AVL) has successfully acquired Technology Metals Limited (TMT), and the Australian Taxation Office (ATO) has issued a final Class Ruling detailing the income tax implications for TMT shareholders. This ruling confirms the eligibility for scrip for scrip roll-over benefits from the arrangement completed on February 1, 2024. Shareholders can view the ruling for a clear understanding of the tax consequences related to this acquisition.

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