Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - (TSX: AVL) and (OTCQB: AVLND) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Fort William First Nation ("FWFN") to collaborate on the development of a lithium battery materials refinery located on industrial lands owned by FWFN in Thunder Bay, Ontario. This facility would be designed to accept lithium mineral concentrates from Avalon's Separation Rapids Lithium Project (70 km north of Kenora) and Rock Tech's Georgia Lake Lithium Project (145 km northeast of Thunder Bay), as well as potentially other ...
Toronto, Ontario--(Newsfile Corp. - March 15, 2021) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that its Share Capital Amendment, which involved amending the Company's articles to reflect a 500:1 consolidation of the Company's common shares, immediately followed by a 1:500 split of the Company's post-consolidated common shares, became effective today (the "Effective Date").Shareholders who held less than 500 common shares in the form of a physical certificate immediately prior to the Effective Date will be paid a cash payment in exchange for their shares (t...
Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2021 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2021 (the "Meeting"). At the Meeting, all five director nominees listed in the Company's information circular dated January 12, 2021 were elected as directors of the Company. The detailed results of the vote are as follows:DirectorNumber of Votes CastPercentage of Votes CastDonald BubarIn Favour:Withheld:85,333,1481,834,43597.90%2.10%Alan FerryIn Favour:Withheld:85,93...
Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to report on its Environmental, Social and Corporate Governance ("ESG") Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on . Avalon's overall management of material ESG issues is strong. No events or policies were identified that may negatively impact stakeholders, the environment or the Company's operations.Sustainalytics is a leading ESG research, ratings a...
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "Agreement") to purchase ownership of 2333382 Ontario Inc. ("2333382"), a private Ontario corporation which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson, Ontario.Among the industrial minerals property assets owned by 2333382 is an asset transfer agreement giving 2333383 the right to acquire full title to the Cargill Carbonatite Complex near K...
Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has closed its $3,000,000 convertible security financing with an entity managed by The Lind Partners ("Lind"), a New York based asset management firm, as described in the Company's .With this new funding now in place, Avalon plans to proceed this month with the bulk sampling program on its 100% owned Separation Rapids Lithium Project near Kenora, Ontario. The Company also intends to begin Feasibility Study work for the lithium refinery planned for Thund...
Toronto, Ontario--(Newsfile Corp. - January 26, 2021) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that its Annual and Special Meeting of Shareholders ("the Meeting") will be held Thursday, February 25, 2021 at 10:00 am EST. As a result of the governmental prohibition against group gatherings to help reduce the spread of COVID-19, the Meeting will be held via a Zoom teleconference, and entry will be limited to registered shareholders and/or their duly appointed proxyholders.However, Avalon will also hold a shareholder update presentation at 2:00 pm EST on th...
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a $3,000,000 convertible security funding agreement (the "Funding Agreement") with an entity managed by The Lind Partners ("Lind"), a New York based asset management firm. The convertible security has a two year term and will accrue a simple interest rate obligation of 10% per annum on the funded amount, which is prepaid and attributed to its face value upon issuance, resulting in a face value of $3,600,000 (the "Face Value"). Lind ...
Toronto, Ontario--(Newsfile Corp. - November 30, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or "the Company") is pleased to announce that the Company has released its ninth annual comprehensive sustainability report, along with its 2020 annual filings including the audited financial statements. The Company also reports that its recent on the the signing of a Letter of Intent with Rock Tech Lithium Inc. generated considerable media coverage for which links are provided below.The 2020 Sustainability Report focuses on health and safety, social, environmental and economic matters that are mate...
Toronto, Ontario--(Newsfile Corp. - November 16, 2020) - (TSX: AVL) and (OTCQB: AVLNF) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Rock Tech Lithium Inc. ("Rock Tech") to collaborate on the development of a lithium battery materials process facility in Thunder Bay, Ontario. This facility would be designed to accept lithium mineral concentrates from Avalon's Separation Rapids Lithium Project (70 km north of Kenora) and Rock Tech's Georgia Lake Lithium Project (145 km northeast of Thunder Bay), as well as potentially other emerging, new lithium mining ...
Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce it has engaged Sustainalytics, a Morningstar company, to conduct an independent audit of the Company's business practices and policies towards obtaining an Environmental, Social and Corporate Governance ("ESG") Risk Rating License. Sustainalytics' ESG Risk Ratings provide investors with third-party validation of the company's sustainability performance, along with insights into why certain ESG issues are considered material for a company and how well a company i...
Toronto, Ontario--(Newsfile Corp. - October 16, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it intends to extend the expiry date of a total of 2,187,500 outstanding share purchase warrants of the Company, each of which is exercisable to acquire one common share of the Company at a price of $0.12 per share (collectively, the "Warrants"). The Warrants were issued in two tranches pursuant to a private placement completed in November 2018, and are set to expire in November, 2020.The Company intends to extend the expiry date of the remaining 1,900,000...
Toronto, Ontario--(Newsfile Corp. - October 14, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has re-activated its 100% owned Lilypad Cesium-Tantalum-Lithium Project ("Lilypad") due to increasing demand for cesium. Cesium is a rare element in growing demand for many new technologies, but with very limited supply following the cessation of production from the world's largest historical producer, the Tanco mine, near Bernic Lake, Manitoba. The Lilypad Property consists of 14 claims covering 3,108 ha located approximately 350 km north of Thunder Bay...
Toronto, Ontario--(Newsfile Corp. - October 7, 2020) - (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its Separation Rapids Lithium Project ("Separation Rapids" or the "Project"), situated approximately 70 km by road north of Kenora, Ontario. Since Avalon's news release dated , metallurgical testwork has been progressing on several fronts with the overall objectives of reducing costs, improving recoveries and optimizing lithium product quality. The Company is continuing to look at market opportunities to serve both the glass-ceramics market with i...
Toronto, Ontario--(Newsfile Corp. - August 25, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has completed a non-brokered private placement consisting of 6,000,000 flow-through units at a price of $0.09 per unit for gross proceeds of $540,000.Each unit consists of one flow-through common share and one-half common share purchase warrant. Each warrant shall entitle the holder to acquire one non-flow-through common share at a price of $0.12 until August 25, 2022. In conjunction with this private placement, Avalon paid finder's fees of $32,400. Purs...
Toronto, Ontario--(Newsfile Corp. - June 9, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Marilyn Spink, P.Eng. to the Company's Board of Directors (the "Board"). Ms. Spink will replace Brian MacEachen, who recently informed the Board of his decision to step down from the Board, after serving as a Board member for over 20 years, although he will continue to serve the Company in an advisory role. Alan Ferry has agreed to assume responsibility as Board Chair, a role he previously held from 2007 to 2013.Ms. Spink is a materials and metal...
Toronto, Ontario--(Newsfile Corp. - June 3, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its 2020 project development plans for the 100% owned Separation Rapids Lithium Project near Kenora, Ontario (the "Project"), where interest in the Company's lithium mineral products continues to grow. Avalon has now received the necessary approvals to proceed with the 2,500 tonne bulk sample extraction program that was originally planned for 2019. This includes acceptance for filing by the Ministry of Energy, Mines and Northern Development of the Compan...
Toronto, Ontario--(Newsfile Corp. - April 13, 2020) - (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its recent activities. While the Company has closed its office temporarily due to the COVID-19 pandemic, staff continue to work from home on a reduced work schedule in anticipation of resuming project field work when it is safe to do so. In the meantime, project planning and permitting work continues. The Company filed its quarterly Financial Statements and Management's Discussion and Analysis ("MDA") for the six month period ended on February 29,...
Toronto, Ontario--(Newsfile Corp. - February 26, 2020) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2020 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2020 (the "Meeting"). At the Meeting, all five director nominees listed in the Company's information circular dated January 8, 2020 were elected as directors of the Company. The detailed results of the vote are as follows:DirectorNumber of Votes CastPercentage ofVotes CastDonald BubarIn Favour:Withheld:56,618,5502,917,38495.104.90Alan FerryIn Favour:Withheld:56,757,16...
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