Avalon Rare Metals - Continues Under the Canada Business Corporations Act
14.02.2011 | ABN Newswire
01:05 AEST Feb 15, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Sydney, Australia (ABN Newswire) - Avalon Rare Metals Inc. (TSE:AVL) (NYSE:AVL) is pleased to announce that, further to its Annual and Special Meeting of Shareholders held on January 27, 2011 at which the shareholders of the Company voted in favour of, among matters, the continuance of the Company out of the Province of British Columbia and into the federal jurisdiction of Canada, the Company's continuance has now become effective as of February 9, 2011. A copy of the Articles of Continuance and new by-laws of the Company can be found under the Company's SEDAR profile at: http://www.sedar.com
About Avalon Rare Metals Inc.:
Avalon Rare Metals Inc. (TSX:AVL) (NYSE:AVL) is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in clean technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones. Avalon's performance on community engagement in the north earned it the 2010 PDAC Environmental and Social Responsibility Award.
Contact:
Avalon Rare Metals Inc.
WEB: www.avalonraremetals.com
EMAIL: ir@avalonraremetals.com