Avalon closes public offering

Torys acted as counsel to Secutor Capital Management as the agent with a team that included Eric Foster and Simonne Horwitz (corporate/securities) and Craig Maurice (tax).

On May 27, 2015, Avalon Rare Metals Inc. (Avalon) announced that it closed its previously announced public offering of flow-through common shares and units, which resulted in gross proceeds to Avalon of C$4.007 million. Secutor Capital Management Corp. (Secutor) acted as the agent for the offering.

Avalon intends to use the gross proceeds from the sale of the flow-through shares for work on its three mineral properties and the net proceeds from the sale of the units for working capital and general corporate purposes.

Avalon is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects: the Nechalacho Deposit in Thor Lake, Northwest Territories; the Separation Rapids Lithium Project in Kenora, Ontario; and the East Kemptville Tin-Indium Project in Yarmouth, Nova Scotia.

Further information can be found on GlobeNewswire's website.