Also reports acquisition of exploration licences covering the southern extension of the Timok Gold belt in Serbia
LONGUEUIL, QUEBEC — (Marketwire) — 01/17/13 — Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company" or "Avala") is pleased to announce that it has closed a brokered financing for gross proceeds of $8,000,000. A total of 40,000,000 units ("Units"), each comprised of one common share of the Company ("Common Share") and one share purchase warrant ("Warrant"), were sold at $0.20 per Unit (the "Offering"). Each Warrant is exercisable f
LONGUEUIL, QUEBEC — (Marketwire) — 01/14/13 — Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company" or "Avala") is pleased to announce the initial resource estimate for the Kraku Pester project area, part of its Timok Gold Project, a new gold discovery in an emerging sediment-hosted gold belt located in Eastern Serbia.The Kraku Pester National Instrument 43-101 compliant mineral resource, prepared by AMC Consultants Limited (UK) ("AMC"), an independent mining
LONGUEUIL, QUEBEC — (Marketwire) — 12/19/12 — Avala Resources Ltd. (TSX VENTURE: AVZ) is pleased to report the filing on SEDAR of a NI 43-101 technical report supporting the initial inferred mineral resource for the Korkan deposit of its Timok Gold Project, as announced in a press release on November 5, 2012. The technical report was prepared by Chris Arnold, MAusIMM (CP), of AMC Consultants (UK) Limited ("AMC") and Deepak Malhotra, P. Eng, PhD (SME), of Resource Development Inc.A
LONGUEUIL, QUEBEC — (Marketwire) — 03/05/12 — Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company" or "Avala") is pleased to provide an update on the Korkan target area, part of its Timok Gold Project, a new gold discovery in an emerging sediment-hosted gold belt located in a proven and prolific copper-gold mining district, the Timok Magmatic Complex ("TMC") in Eastern Serbia. The Timok Gold Project (formerly referred to by the Company as the sediment hosted
LONGUEUIL, QUEBEC — (Marketwire) — 09/09/11 — Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company") wishes to announce that it has granted an aggregate of 4,860,000 stock options (the "Option") to directors, officers, employees and consultants of the Company and its Serbian subsidiary. Subject to the terms of the Company-s option plan and regulatory approval, the options are exercisable for a period of five years at an exercise price of $1.20 and are vesting in three e
