Avalon Rare Metals Inc. Prices US$ 43,665,000 Public Offering

Avalon Rare Metals Inc. (TSX:AVL,AMEX:AVL) announced pricing for the company’s upcoming public offering.

The press release is quoted as saying:

The Company expects that the offering will yield gross proceeds, before expenses, of US$ 43,665,000 (Cdn$ 41,251,000) million and intends to use the net proceeds of the offering for the completion of the bankable feasibility study on the Thor Lake Rare Metals Project, working capital and general corporate purposes.

Click here to read the entire news release.