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BRIEF-Avala announces proposed acquisition by Dundee Precious Metals of minority equity interest

Published 2016-02-12, 09:14 a/m
© Reuters.  BRIEF-Avala announces proposed acquisition by Dundee Precious Metals of minority equity interest

Feb 12 (Reuters) - Avala Resources Ltd AVZ.V :
* Announces proposed acquisition by Dundee Precious Metals of minority equity
interest
* Each holder of Avala common shares, other than dpm, will receive 0.044 of
common share of dpm in exchange for each co's common share
* Says james crombie has resigned, effective today, as president, CEO and
director
* Says david fennell will serve as interim president and CEO of the company in
addition to his role as executive chairman

* Source text for Eikon ID:nMKWbvHLTa

* Further company coverage AVZ.V

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