Avala Resources Announces Grant of Stock Options
November 18 2011 - 10:28AM
Marketwired
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.
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
+1.450.640.0810info@avalaresources.com
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