13 September 2018
The investment agreement is with Bergen Global Opportunity Fund LLC, a New York-based institutional investor. Under the terms of the agreement, Bergen will invest up to A$12M in three tranches by way of unsecured convertible securities. The funds are to be used by AUZ to complete the acquisition of the Flemington project in NSW from Jervois Mining and to fund an expansion drilling program at Flemington. Stuart Mengler led the team at Allion on this financing.