Avalon Sets Annual and Special Meeting of Shareholders for February 24, 2016
20 January 2016 - 7:53AM
Avalon Rare Metals Inc. (TSX:AVL) (OTCQX:AVLNF)
(“Avalon” or the “Company”) is pleased to announce that it will
hold its Annual and Special Meeting of Shareholders (the “Meeting”)
at 4:30 pm EST on Wednesday, February 24, 2016, at the Toronto
Board of Trade, Room A/B/C/D, located at 1 First Canadian Place,
Toronto, Ontario.
At the Meeting, shareholders will be asked to
approve a special resolution authorizing the Company to effect a
change of name from “Avalon Rare Metals Inc.” to “Avalon Advanced
Materials Inc.” Avalon deems that the current Company name fails to
adequately convey the Company’s diversified specialty metals and
minerals asset base. The Company is not exclusively focused on rare
earths and current activities are now focused on its other advanced
materials assets, notably lithium and tin-indium. The proposed name
of “Avalon Advanced Materials Inc.” is better suited to current
Company activity.
Please see Avalon’s Information Circular for
further information on this and other matters to be acted upon at
the Meeting.
Avalon’s Information Circular, 2015 President’s
Message, Audited Consolidated Financial Statements and Management
Discussion and Analysis for the fiscal year ended August 31, 2015
are available online at the following locations:
- on the Company’s transfer agent’s website at
https://noticeinsite.tmxequity.com/AvalonRareMetalsASM2016/
- on SEDAR at http://www.sedar.com
- on the Company’s web site at
http://www.avalonraremetals.com/investors/regulatory_filings/
Avalon has implemented the Notice and Access
Provisions of NI 54-101, an environmentally friendly alternative
that will reduce paper, printing and mailing costs associated with
the dissemination of annual information to approximately 20,000
shareholders. Non-registered shareholders will receive paper copies
of the Notice of Meeting and Form of Proxy in the usual manner, as
well as a notice document which contains information on how to
obtain electronic or paper copies of the rest of the meeting
materials in advance of the Meeting. Due to certain requirements of
the Canada Business Corporations Act, the Company has sent a paper
copy of all of the above materials directly to registered
shareholders.
About Avalon Rare Metals
Inc.
Avalon Rare Metals Inc. is a Canadian mineral
development company specializing in niche market metals and
minerals with growing demand in new technology. The Company has
three advanced stage projects, all 100%-owned, providing investors
with exposure to lithium, tin and indium, as well as rare earth
elements, tantalum, niobium, and zirconium. Avalon is currently
focusing on its Separation Rapids Lithium Project, Kenora, ON and
its East Kemptville Tin-Indium Project, Yarmouth, NS. Social
responsibility and environmental stewardship are corporate
cornerstones.
For questions and feedback, please e-mail the
Company at ir@avalonraremetals.com, or phone Don Bubar, President
& CEO at 416-364-4938.
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Forward-looking statements include, but are
not limited to, statements related to the date of the upcoming
Annual and Special Meeting of Shareholders. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as “potential”, “scheduled”,
“anticipates”, “continues”, “expects” or “does not expect”, “is
expected”, “scheduled”, “targeted”, “planned”, or “believes”, or
variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “would”, “might” or “will be” or
“will not be” taken, reached or result, “will occur” or “be
achieved”. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Avalon to be materially different from those expressed or implied
by such forward-looking statements. Forward-looking statements are
based on assumptions management believes to be reasonable at the
time such statements are made. Although Avalon has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. Factors that may cause
actual results to differ materially from expected results described
in forward-looking statements include, but are not limited to
market conditions, and the possibility of cost overruns or
unanticipated costs and expenses as well as those risk factors set
out in the Company’s current Annual Information Form, Management’s
Discussion and Analysis and other disclosure documents available
under the Company’s profile at www.SEDAR.com. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Such forward-looking statements
have been provided for the purpose of assisting investors in
understanding the Company’s plans and objectives and may not be
appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking statements. Avalon does not
undertake to update any forward-looking statements that are
contained herein, except in accordance with applicable securities
laws.
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