Avala Res Ltd (AVLRF) 0.0510 $AVLRF Avala Announces

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Avala Res Ltd (AVLRF) 0.0510 $AVLRF

Avala Announces Corporate Update
Marketwired - Thu Oct 09, 4:00PM CDT
Avala Resources Ltd. (TSX VENTURE: AVZ) ("Avala" or the "Company" announces that the 5,863,863 Avala replacement warrants issued in exchange for formerly-listed warrants of Dunav Resources Ltd. ("Dunav" in connection with the plan of arrangement between Avala and Dunav (see October 2, 2014 news release) 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 exercisable at $4.80 (post-consolidation) to acquire one Avala share until March 6, 2016. A letter of transmittal has been sent to former Dunav warrantholders providing instructions on how they can obtain replacement Avala warrants.
AVZ.VN: 0.090 (+0.005), DPM.TO: 3.59 (-0.22), DNV.VN: ()

Avala Consolidates its Share Capital
Marketwired - Thu Oct 09, 8:10AM CDT
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.
AVZ.VN: 0.090 (+0.005), DNV.VN: ()

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