Avala Resources reports that Chantal Gosselin has resigned as a director of the Company, effective immediately. The board of directors of the Company would like to thank Ms. Gosselin for her valuable contribution as a member of the board since 2010 and wish her well in her future endeavors. About Avala Resources Ltd.: Avala Resources is a mineral [...]
Avala Resources announces that the 5,863,863 Avala replacement warrants issued in exchange for formerly-listed warrants of Dunav Resources in connection with the plan of arrangement between Avala and Dunav have been approved for listing on the TSXV and commenced trading on a post-consolidated basis under the symbol "AVZ.WT" today. The warrants are [...]
urther to its news release of October 2, 2014, Avala Resources announces that effective at the opening of trading on Thursday, October 9, the shares of the Company will commence trading on the TSXV on a consolidated basis of one post consolidation share for every ten pre-consolidation shares. At the Effective Time, the Company will have an [...]
Avala Resources and Dunav Resources are pleased to announce that they have completed the previously announced business combination by way of a plan of arrangement under the Business Corporations Act (British Columbia). Following the approval by Avala and Dunav shareholders at their respective shareholder meetings held on September 30, 2014, the [...]
Avala Resources and Dunav Resources are pleased to announce that each company held a general and special meeting of shareholders on September 30, 2014, and the previously announced plan of arrangement between Avala and Dunav was approved by the shareholders of each company. The Arrangement was approved by 99.8% of the shares represented at Avala's [...]
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. Avala closed an initial tranche of US$500,000 on August 14, 2014 and subsequently, with TSX Venture approval, extended the time for closing of the private [...]
Avala Resources announces that it has received the consent of the TSX Venture Exchange to extend until October 6, 2014, the time in which it can close additional tranches of up to US$1 million of senior secured convertible debentures to Dundee Precious Metals. In its news release of August 14, 2014, Avala had announced having closed an initial [...]
Avala Resources and Dunav Resources are pleased to announce that they have filed their respective Management Information Circulars and related proxy materials under their profile on SEDAR in connection with their annual general and special shareholders' meeting scheduled to be held on September 30, 2014. On August 18, 2014, Avala and Dunav [...]
Avala Resources and Dunav Resources are pleased to announce that they have entered into an arrangement agreement on August 15, 2014 in respect of the previously announced business combination of the two companies. Under the terms of the Agreement, Avala agreed to issue to Dunav shareholders 1.0457 common shares for every one (1) outstanding common [...]
Avala Resources announces that, further to its press release dated July 28, 2014, it has received acceptance from the TSXV to issue up to $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 will bear interest at the rate of 12% per [...]
Avala Resources and Dunav Resources are pleased to announce that they have reached an agreement to combine the two companies. Under the terms of a binding letter agreement, Avala will issue to Dunav shareholders 1.0457 common shares for every one (1) outstanding common share of Dunav held. All outstanding stock options and warrants of Dunav will be [...]
Avala Resources reports the filing of a technical report in accordance with National Instrument 43-101 supporting the results of the preliminary economic assessment and updated mineral resource estimate announced by Avala in its June 20, 2014 news release. The independent technical report entitled "Timok Gold Project, Serbia - Preliminary Economic [...]