Nov 11 (Reuters) - AVZ Minerals Ltd AVZ.AX :
* AVZ MINERALS LTD - ADVISES EQUITY PLACEMENT OF A$14.1 MILLION TO YIBIN TIANYI LITHIUM INDUSTRY THROUGH ISSUE OF 314.3 MILLION SHARES AT 4.5 CENTS PER SHARE
* AVZ MINERALS-EXECUTES CONDITIONAL SUBSCRIPTION AGREEMENT WITH YIBIN TIANYI LITHIUM INDUSTRY CO., LTD, WHO WILL TAKE 12% STAKE IN CO AFTER PLACEMENT
* AVZ MINERALS LTD - YIBIN TIANYI WILL BE ENTITLED TO NOMINATE ONE PERSON TO BE APPOINTED AS NON-EXECUTIVE DIRECTOR OF AVZ BOARD
* AVZ MINERALS LTD - UNDER SUBSCRIPTION AGREEMENT, BOTH PARTIES TO NEGOTIATE BINDING OFFTAKE AGREEMENT FOR PRODUCTS FROM MANONO LITHIUM AND TIN PROJECT