Shareholders Meeting and Grant of Stock Options
Avalon Works Corp.
10545 45 Avenue NW
,
Suite
300
Edmonton, Alberta
C
anada,
T6H 4M9
Avalon Works Corp.
a
nnounces
Annual
Shareholders Meeting
and Grant of Stock
Options
Edmonton, Alberta
--
(
March
4
, 2021
)
–
Avalon Works Corp.
(TSXV: AWB)
(
the "
Company
")
announces
that it will hold its annual general and special
meeting (the "
Meeting
") of shareholders on Friday, April 30,
2021 at 10:00 a.m. (Vancouver time). Details of the Meeting will, in due course, be provided in the
Company's notice of meeting, management information circular and form of proxy to be delivered
to
shareholders and filed under the Company's SEDAR profile at www.sedar.com.
In addition, the Company has granted a total of
1,175,000
incentive stock options to directors, officers,
employees and consultants. The incentive stock options vest immediately
and may be exercised at a price
of $0.50 per common share for a period of five years from the date of grant, subject to the terms of
Company's existing rolling stock option plan and the policies of the TSX Venture Exchange. As a result of
the grant, the C
ompany has a total of
1,266,163
stock options issued, representing
4.8%
of the issued and
outstanding share capital of the Company.
About Avalon Works Corp.
Avalon Works Corp.
is a mineral exploration company focused on proving and developing the resource
potential of the
1,063,326 hectare mineral property
in northeast New Brunswick known as the "
Elmtree
Gold Project
"
, approximately
20 km northwest of the City of Bathurst, New
Brunswick and approximately
10 km west of the village of Petit Rocher, New Brunswick near the enhanced service areas of Alcida and
Dauversiere, New Brunswick.
For further details about the
Elmtree
Gold Project, please refer to the
Company's website or curr
ent geological T
echnical Report dated February 25, 2021
available under the
Company's profile on SEDAR at
www.sedar.com
.
In addition, the Company's Listing Application dated
February 25, 2021 also provides additional detailed information about the Company,
its Elmtree Gold
Project, and the Transactions
, which is also publicly available
under the Company's profile on SEDAR at
www.sedar.com
.
On behalf of the Board of Directors
Avalon Works Corp.
"John Williamson"
John Williamson
President, CEO and
Director
For
further
information:
Nick Stajduhar
Director
Telephone: 780
-
701
-
3216
Email:
-
2
-
AC/7829831.1
Investors are cautioned that, except as disclosed in the management information circular or
listing
application
prepared in connection with the
Acquisition
, any information released or received with respect
to the
Acquisition
may not be accurate or complet
e and should not be relied upon. Trading in the securities
of the Company should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
Cautionary
Statement
Regarding
Forward
-
Looking
Information
This press release contains "forward
-
looking information" within the meaning of applicable Canadian
securities
legislation. Forward
-
looking information includes, without limitation, statements regarding the
use of proceeds from the Bridge Financing and Concurrent Financing, the expected timing for completion
of
the
recommended work program pursuant to the
Technical Report
,
and
the
future
plans
or
prospects
of
the
Company.
Generally, forward
-
looking information can be identified by the use of forward
-
looking
terminology such
as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"e
stimates", "forecasts",
"intends",
"anticipates"
or
"does
not
anticipate",
or
"believes",
or
variations
of
such
words
and
phrases
or
state that
certain actions, events
or results
"may", "could", "would", "might" or
"will be taken",
"occur"
or
"be
achieved".
Forward
-
looking
statements
are
necessarily
based
upon
a
number
of
assumptions that,
while
considered reasonable
by management,
are inherently
subject
to
business,
market and economic risks, uncertainties and contingencies that may cause actual r
esults,
performance
or
achievements
to
be
materially
different
from
those
expressed
or
implied
by
forward
-
looking
statements. Although the Company has attempted to identify important factors that could cause
actual
results to differ materially from
those contained in forward
-
looking information, there may be
other
factors that
cause results not
to be as anticipated, estimated or intended. There
can be no
assurance
that such information will prove to be accurate, as actual results and future events co
uld differ
materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance
on
forward
-
looking
information.
Other
factors
which
could
materially
affect
such
forward
-
looking
information
are
described
in
the
risk
factors
in
the
Company's
most
recent
annual
management's
discussion and analysis which is available on the Company's profile on SEDAR at
www.sedar.com
.
The
Company does not undertake to update any forward
-
looking in
formation, except in accordance with
applicable
securities laws.
Not
for
distribution
to
U.S.
Newswire
Services
or
for dissemination
in
the
United
States.
Any
failure
to
comply
with
this
restriction
may
constitute a
violation
of
U.S.
securities
laws.