Anavex Life Sciences Corp (AVXL)

[Investor2014]

No one has pulled me up on my error, so I'll do it (as I should).

I said $50,000 every other day, when in fact it is 50,000 shares.

So the calculation based on utilising the LPC facility fully is; 27 trading days * 50,000 shares = 1,350,000 shares. Which at the period average price per share of $5.0431 would raise $6.8M for Anavex.

This would corresponds to about 10% of the periods 13,540,838 shares trading volume.

So still, this does not seem a massive influence on proceedings.