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Last C$0.06 CAD
Change Today 0.00 / 0.00%
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AVZ On Other Exchanges
As of 3:49 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

avala resources ltd (AVZ) Snapshot

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04/29/14 - C$1.00
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12/10/14 - C$0.04
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avala resources ltd (AVZ) Details

Avala Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the Republic of Serbia. The company primarily explores for gold and copper deposits. It focuses on the exploration and development of the Timok Gold project and the Tulare Copper Gold project, which are located in the Republic of Serbia. The company is based in Longueuil, Canada. Avala Resources Ltd. is a subsidiary of Dundee Precious Metals Inc.

avala resources ltd (AVZ) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: C$155.4K
Executive Chairman and Member of Compensation...
Total Annual Compensation: C$155.4K
Chief Financial Officer
Total Annual Compensation: C$52.1K
Vice President of Administration - Avala Reso...
Total Annual Compensation: C$281.0K
Compensation as of Fiscal Year 2013.

avala resources ltd (AVZ) Key Developments

Avala Resources Ltd. Provides an Exploration Update

Avala Resources Ltd. announced trenching results on assays received from the Gubavce epithermal system and its spring 2015 work program. During third quarter 2014, the company had conducted a short trenching program over the Gubavce epithermal prospect. This program resulted in the collection of 415 samples along 827 meters of trenches. Significant intersections recently compiled, which include 8m @ 18.1g/t Au, 36.1ppm Ag and 2.16% Pb, are listed in the table below. Gubavce is part of the Gubavce-Bakrenjaca epithermal gold and base metal prospect that was identified in 2013. This prospect is located in the southern half of the 100% held Tulare Project license, approximately 3 km south of the Kiseljak copper-gold porphyry deposit in Southern Serbia. Significant intervals calculated using 0.5 g/t AuEq cut-off (using $1,300/oz. Au, $18/oz Ag, $0.80/lb. Pb); included intervals ((i)) calculated using 1.0g/t AuEq cut-off; No top cut applied. AuEq=((Au_ppm x 41.7959)+(Pb_ppm x 0.001764)+(Ag_ppm x 0.5787))/41.7959. Intersections calculated using 5 meter minimum thickness, 5 meter maximum included waste. Trench samples are equivalent to HQ half core in size, using a nominal 2m sampling basis and weigh approx. 3-6kg. Intercept widths do not necessarily represent true width.

Avala Resources Ltd. Announces the Resignation of Chantal Gosselin as Director

Avala Resources Ltd. reported Chantal Gosselin has resigned as a director of the company, effective immediately.

Avala Resources Ltd. Announces Board Changes

Avala Resources Ltd. announced that they have completed the previously announced business combination by way of a plan of arrangement under the Business Corporations Act. Following the approval by Avala and Dunav shareholders at their respective shareholder meetings held on September 30, 2014, the Arrangement was approved by the Supreme Court of British Columbia on October 1, 2014. Effective upon closing of the arrangement, the directors of Avala are David Fennell, James Crombie, Richard Howes, Anthony Walsh, Chantal Gosselin, John Wakeford, Elaine Bennett and Louis-Pierre Gignac. Ms. Bennett and Mr. Gignac are former directors of Dunav. Adrian Goldstone and Julian Barnes resigned from the board of Avala.


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