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 placement until October 6, 2014. Avala intends to use the net proceeds of
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