MNF Group is all set to complete part-sale of Direct Business to Vonex
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MNF Group is all set to complete part-sale of Direct Business to Vonex
MNF’s Direct Business sells cloud phone, internet and mobile services directly to SMEs and residential customers in Australia, as well as dedicated audio and video conferencing business. MNF has re-affirmed its earnings guidance for the 2021 financial year.
All conditions of the conditional term sheet signed with Vonex on June 27, 2021, have been satisfied, including detailed due diligence with completion of the binding agreement set for early August.
The divestment of MNF’s Direct Businesses is in line with its strategy to simplify the business and drive growth in its CPaas and UCaas voice services.
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AVZ Minerals investors support Manono Lithium and Tin Project through heavily oversubscribed $40 million placement
The placement, which was oversubscribed by A$10 million, was well supported by high-quality institutions from Australia and North America and includes a European-based physical energy commodities merchant. Proceeds from the placement will increase cash reserves as AVZ progresses toward a Final Investment Decision.
AVZ Minerals Ltd (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) has received firm commitments to raise A$40 million from sophisticated, professional and institutional investors in a placement to advance the tier-1 Manono Lithium and Tin Project in the Democratic Republic of Congo.
The capital raising was undertaken to allow the board to efficiently progress towards a Final Investment Decision (FID) for the commencement of project development at the Manono Project.