Toronto, Ontario--(Newsfile Corp. - January 26, 2015) - Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL) ("Avalon" or the "Company") is pleased to announce that it
will hold its Annual Meeting of Shareholders at 4:30 pm EST on Tuesday, February
24, 2015, at the Toronto Board of Trade, Room A/B/C/D, located at 1 First
Canadian Place, Toronto, Ontario.
Avalon has implemented the Notice and Access Provisions of NI
54-101, an environmentally friendly alternative that will reduce paper, printing
and mailing costs associated with the dissemination of annual information to
approximately 20,000 shareholders.
Non-registered shareholders will receive paper copies of the
Notice of Meeting and Form of Proxy in the usual manner, as well as a notice
document which contains information on how to obtain electronic or paper copies
of the rest of the meeting materials in advance of the meeting.
Avalon's Information Circular, 2014 President's Message,
Audited Consolidated Financial Statements and Management Discussion and Analysis
for the fiscal year ended August 31, 2014 are available online at the following
locations:
Due to certain requirements of the Canada Business
Corporations Act, the Company has sent a paper copy all of the above
materials directly to registered shareholders.
Avalon also confirms that, further to its press release on
December 1, 2014, the auditors' report received from its independent public
accounting firm on its audited financial statements for the fiscal year ended
August 31, 2014, contained a going concern emphasis of matter. Disclosure of
this going concern explanatory language is required by Section 610(b) of the
NYSE MKT Company Guide. This announcement does not represent any change
or amendment to any of the Company's filings for the fiscal year ended August
31, 2014.
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc. is a mineral development company
focused on rare metal deposits in Canada, with three advanced stage projects.
Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large
size and enrichment in the scarce "heavy" rare earth elements, key to enabling
advances in clean technology and other growing high-tech applications. Avalon is
also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and
its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and
environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail the Company at
ir@avalonraremetals.com, or phone Don Bubar, President & CEO at
416-364-4938.
This news release contains "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements related to the date of
the upcoming Annual Meeting of Shareholders. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"potential", "scheduled", "anticipates", "continues", "expects" or "does not
expect", "is expected", "scheduled", "targeted", "planned", or "believes", or
variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be" or "will not be" taken,
reached or result, "will occur" or "be achieved". Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Avalon to be materially different from those expressed or implied by such
forward-looking statements. Forward-looking statements are based on assumptions
management believes to be reasonable at the time such statements are made.
Although Avalon has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. Factors that may cause actual results to
differ materially from expected results described in forward-looking statements
include, but are not limited to market conditions, and the possibility of cost
overruns or unanticipated costs and expenses as well as those risk factors set
out in the Company's current Annual Information Form, Management's Discussion
and Analysis and other disclosure documents available under the Company's
profile at www.SEDAR.com. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Such
forward-looking statements have been provided for the purpose of assisting
investors in understanding the Company's plans and objectives and may not be
appropriate for other purposes. Accordingly, readers should not place undue
reliance on forward-looking statements. Avalon does not undertake to update any
forward-looking statements that are contained herein, except in accordance with
applicable securities laws.
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