News Release
Avalon Ventures Ltd. To Trade On Toronto Stock Exchange
Avalon Ventures Ltd. (the "Company") – An application has been granted for the original listing in the Mining category of 72,919,748 common shares of the Company, of which 64,202,248 shares are issued and outstanding and 8,717,500 common shares are reserved for issuance.
The common shares of the Company will be listed and posted for trading at the opening on Thursday, February 28, 2008.
The Company will be subject to the reporting requirements of Section 501 of the Toronto Stock Exchange Company Manual.
Stock Symbol: "AVL"
CUSIP: 05348K 10 5
Trading Currency: CDN $
Temporary Market Maker: Independent Trading Group
Other Markets: The common shares of the Company have been listed on TSX Venture Exchange since May 31, 1984 under the symbol “AVL”. The common shares will be delisted from TSX Venture Exchange on Thursday, February 28, 2008.
Head Office Address: 1901 – 130 Adelaide St. West
Toronto, Ont.
M5H 3P5
Email Address: office@avalonventures.com
Website: www.avalonventures.com
Head Office Telephone Number: (416) 364-4938
Fax Number: (416) 364-5162
Investors Relations: Donald S. Bubar
President and CEO
Tel: 416-364-4938
E-mail: dsbubar@avalonventures.com
Incorporation: The Company was amalgamated on July 24, 1991 under the laws of the province of British Columbia under the name “Keith Resources Ltd.” pursuant to the amalgamation of Rockridge Mining Corporation and Meadfield Mining Corp. On September 29, 1994, the Company changed its name to "Avalon Ventures Ltd.".
Fiscal Year End: August 31
Chief Financial Officer: R. James Andersen
Corporate Secretary: Mary Quinn
Nature of Business: The Company is a Canadian junior mineral exploration and development company, operating exclusively in Canada with a primary focus on rare metals and minerals including calcium feldspar, lithium, tantalum, cesium, beryllium, indium, gallium, yttrium and the rare earth elements. The Company is in the process of exploring or developing six of its eight projects.
Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal offices in Vancouver and Toronto.
Dividends: The Company has not paid any dividends on its common shares nor does it intend to pay any dividends in the foreseeable future.
