Avala Resources Grants Stock Options
September 09 2011 - 11:26AM
Marketwired
Avala Resources Ltd. (TSX VENTURE: AVZ) (the "Company") wishes to
announce that it has granted an aggregate of 4,860,000 stock
options (the "Option") to directors, officers, employees and
consultants of the Company and its Serbian subsidiary. 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 a Canadian-based gold and copper
exploration company with a large block of exploration licenses and
one concession within and adjacent to the Timok Magmatic Complex
(TMC) in the Republic of 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
+1.450.640.0810 info@avalaresources.com