Avala Consolidates its Share Capital
09.10.2014 | Marketwire
LONGUEUIL, Oct 9, 2014 - Further to its news release of October 2, 2014, Avala Resources Ltd. ("Avala" or the "Company") (TSX VENTURE:AVZ) announces that effective at the opening of trading on Thursday, October 9, 2014 (the "Effective Time"), the shares of the Company will commence trading on the TSX Venture Exchange ("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 authorized share capital of an unlimited number of common shares with 43,594,149 common shares issued and outstanding, subject to adjustment for fractional shares. The Company will be sending out a letter of transmittal to registered shareholders with respect to the consolidated share capital.About Avala Resources Ltd.
Avala Resources is a mineral exploration company focused on the exploration and development in Serbia of the Timok Gold Project and the Tulare Copper Gold Project, which it acquired through its acquisition of Dunav Resources Ltd., on October 2, 2014. Avala's common shares continue to trade under the symbol 'AVZ'. Additional information about Avala and its projects is available on SEDAR (www.sedar.com) and on the website of Avala (www.avalaresources.com).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contact
Avala Resources Ltd.
James Crombie, President and Chief Executive Officer
+1.450.640.0810
info@avalaresources.com