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AVZ bypasses FIRB with new Yibin Tianyi deal

Lithium contender AVZ Minerals has bypassed Australia’s Foreign Investment Review Board and is set to bank A$16 million following Chinese company Yibin Tianyi agreeing with a new deal to invest $10.6 million for a 9% interest and capital markets firm Canaccord Genuity arriving to underwrite $5.3 million worth of ‘in-the-money’ options.

AVZ bypasses FIRB with new Yibin Tianyi deal AVZ bypasses FIRB with new Yibin Tianyi deal AVZ bypasses FIRB with new Yibin Tianyi deal AVZ bypasses FIRB with new Yibin Tianyi deal AVZ bypasses FIRB with new Yibin Tianyi deal

Manono is posited as a world class lithium project in DRC

With the Chinese company to have less than a 10% stake and no board seat, AVZ won't have to get Foreign Investment Review Board permission for the deal.

Yibin Tianyi will pay 4.