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Avalon Announces Voting Results of Annual and Special Meeting
Avalon Rare Metals (TSX:AVL,OTCQX:AVLNF) announced that at the Annual and Special Meeting of shareholders held in Toronto, Ontario on February 24, 2016, shareholders approved the motion to change the Company’s name to Avalon Advanced Materials Inc.
Avalon Rare Metals (TSX:AVL,OTCQX:AVLNF) announced that at the Annual and Special Meeting of shareholders held in Toronto, Ontario on February 24, 2016, shareholders approved the motion to change the Company’s name to Avalon Advanced Materials Inc.
As quoted in the press release:
As noted in the Information Circular, Avalon’s management and Board of Directors felt that the name “Avalon Rare Metals Inc.” was too closely associated with rare earths and no longer adequately reflected the Company’s diversified specialty metals and minerals asset base. Don Bubar, President and CEO, noted “With the Company’s increasing focus on lithium and tin-indium, the new name will help investors discover how Avalon’s other assets can also contribute to increased shareholder value and recognize the critical importance of these commodities in clean technology.”
Also during the Meeting, six of the seven director nominees listed in the Company’s information circular dated January 12, 2016 were elected as directors of the Company.
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