Avala Resources and Dundee Precious Metals announced today the successful completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which DPM, through a wholly-owned subsidiary, acquired all of the issued and outstanding common shares of Avala for consideration of 0.044 of a common share of DPM for [...]
Avala Resources is pleased to announce that the plan of arrangement, pursuant to which Dundee Precious Metals is proposing to acquire all of the issued and outstanding common shares of Avala not already owned by Dundee, was approved by Avala shareholders at the special meeting of Avala shareholders held on April 5, 2016. At the meeting [...]
Avala Resources announces that it has closed a second tranche of US$250,000 of its private placement of up to US$1 million of senior secured convertible debentures to Dundee Precious Metals. This second tranche of the debentures bears interest at the rate of 15% per annum and matures on May 26, 2016. Avala had closed an initial tranche of [...]
Avala Resources announces that it has filed its management information circular and related proxy materials under its profile on SEDAR in connection with the special meeting of its shareholders scheduled to be held on April 5, 2016. At the Meeting, Shareholders will be asked to approve Avala's previously announced transaction with Dundee Precious [...]
Avala Resources announces that it has received an extension from the TSX Venture Exchange to close the private placement of convertible debentures of up to US$1 million previously announced on January 22, 2016. Avala has closed an initial tranche of US$500,000. The TSXV has authorized an extension to April 6, 2016 for completing any further [...]
Avala Resources wishes to announce that, on February 11, 2016, it has entered into a definitive arrangement agreement with Dundee Precious Metals the controlling shareholder of Avala, whereby DPM will acquire all of the issued and outstanding common shares of Avala that it does not already own by way of a plan of arrangement under the Business [...]
Avala Resources announces that, further to its press release dated January 22, 2016, it has received acceptance from the TSX Venture Exchange to issue up to US$1 million of senior secured convertible debentures to Dundee Precious Metals and it has closed an initial tranche of US$500,000. This initial tranche of the debenture bears interest at the [...]
Avala Resources announces that it has entered into a letter of intent with Dundee Precious Metals setting out the terms under which DPM intends to purchase up to US$1 Million of senior secured convertible debentures of Avala that can be drawn in three tranches. The Debentures will bear interest at the rate of 12% per annum on the first US$500,000 [...]
Avala Resources is pleased to announce the commencement of diamond drilling on its Lenovac exploration license. The Lenovac Project is subject to an earn-in and joint venture agreement with Rio Tinto Mining & Exploration Limited that was announced by the Company in a press release dated November 30. This initial drilling program consists of a [...]
Avala Resources is pleased to announce that it has granted an option to Rio Tinto Mining & Exploration Limited to acquire up to 75% of its wholly-owned Lenovac exploration license by incurring US$40 million in exploration expenditures. The Agreement Avala, its wholly owned Serbian subsidiary and Rio Tinto have entered into a binding earn-in and [...]
Avala Resources is pleased to report that all items of business on the agenda of its annual general and special meeting of shareholders held on May 28, 2015 were approved including the re-election of the seven directors, the re-appointment of the independent auditors, and the confirmation of the stock option plan. Avala also announces that, subject [...]
Avala Resources is pleased to announce trenching results on assays received from the Gubavce epithermal system and its spring 2015 work program. During Q3 2014, the Company had conducted a short trenching program over the Gubavce epithermal prospect. This program resulted in the collection of 415 samples along 827 meters of trenches. Significant [...]
