Avala Resources Announces Grant of Stock Options
November 18 2011 - 9:28AM
Marketwired Canada
Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company") announces that it has
granted a total of 200,000 stock options to senior officers of the Company.
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 equal tranches over a two-year period.
About Avala Resources Ltd.
Avala Resources Ltd. is 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 at www.sedar.com and on the Company's
website at www.avalaresources.com.
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