Avala Resources Grants Stock Options
June 17 2011 - 8:00AM
Marketwired
Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company") announces
that, subject to regulatory approval, it has approved the grant of
an aggregate of 100,000 incentive stock options to non-management
directors of the Company following their re-election at the annual
meeting of shareholders held on June 15, 2011. The options are
exercisable for a period of five years at an exercise price of
$1.23.
About Avala Resources Ltd.: Avala is a recently-formed company
focused on the exploration and development of the Potoj Cuka
sediment-hosted gold project and the Timok gold-copper project in
Serbia. The common shares of Avala trade on the TSX Venture
Exchange under the symbol AVZ.
Additional information about the Company is available through
regular filings and press releases on SEDAR and on the Company's
website at 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.
Contacts: Avala Resources Ltd. James Crombie, President and CEO
+1.450.640.0810 info@avalaresources.com
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