Avalon Announces C$63M Strategic Investment By Sibelco To Create A Vertically Integrated Lithium Strategic Partnership In Ontario
Amount Raised
C$63 Million
Round Type
Corporate Round
OrlandoGamingVideo GamesInvestors
Description
As part of its strategic transformation to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the signing of a binding term sheet to create a new joint venture with SCR-Sibelco NV ("Sibelco"), a global leader in materials solutions. Avalon has issued to Sibelco, on a non-brokered private placement basis, 109,692,764 common shares of Avalon ("Common Shares") for aggregate proceeds of C$10,000,000 and a secured convertible debenture in the principal amount of C$3,000,000 (the "Debenture") (collectively, the "Private Placement").
Quick answer
Avalon raised C$63 Million in a Corporate Round round, dated June 15, 2023. Investors: Sibelco, Avalon, Scr Sibelco Nv and Avalon Advanced Materials Inc. Avalon is based in Orlando, Florida, United States.
- How much did Avalon raise?
- Avalon raised C$63 Million in a Corporate Round round on June 15, 2023.
- Who invested in Avalon?
- Sibelco, Avalon, Scr Sibelco Nv and Avalon Advanced Materials Inc. are named as investors in this round.
- What does Avalon do?
- Avalon Corporation is dedicated to building a culture of inclusiveness and freedom with the goal of building the foundations of the next generation of gaming and tech culture.
- Where is Avalon based and how big is it?
- Avalon is based in Orlando, Florida, United States. Fundz records about 11 employees.
- Who are the decision-makers at Avalon?
- Fundz holds 1 contact at Avalon. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Gaming and Video Games around the same time
Companies in the same sectors as Avalon that raised within 45 days of this round, from Fundz verified event records.
- Eyeball Games raised $1.5M (Seed) on July 20, 2023.
- MetaCene raised an undisclosed amount (Seed) on July 17, 2023.
- Bring It On raised $4M (Seed) on July 13, 2023.
- Gardens Interactive raised $31M (Funding Round) on July 11, 2023.
- Scriptic raised $5.7M (Funding Round) on June 29, 2023.
- SuperScale raised $5.4M (Series A) on June 27, 2023.
Who to call at Avalon, and when
A new round usually means Avalon is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Avalon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Avalon, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Avalon. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Avalon raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Avalon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.