Avalon Rare Metals Inc (TSE:AVL) Appoints Mr. David Connelly To The Board Of Directors
Toronto, May 27, 2010 AEST (ABN Newswire) - Avalon Rare Metals Inc. (
TSE:AVL) (OTCQX:AVARF) ("Avalon" or the "Company") is pleased to announce the appointment of Mr. David Connelly, CStJ, CD, MBA, B.Comm, to the Company's Board of Directors.
Mr. Connelly is a resident of Yellowknife, NWT and well known in the northern business community. He has acted as a strategic consultant to business, government and First Nations on implementing economic development opportunities in the north, and for the past two years has served the Company as its Community Relations Advisor for the Thor Lake project.
Avalon's President Don Bubar noted, "David has been instrumental in introducing the Company to the local community in the Northwest Territories and in developing positive working relationships with key business, aboriginal and government leaders. I am looking forward to having David bring his considerable experience in northern business development strategy to our Board of Directors."
A graduate of Dalhousie University, University of Toronto, and the Canadian Forces Logistic School, Mr. Connelly began his career in international banking in Asia. Following several development related assignments with government, Sherritt Gordon Mines engaged him as Director of Business Development to launch efforts to capitalize on value added opportunities from their hydrometallurgical process.
As President and CEO of Inuvialuit Development Corporation from 1992-1997, Mr. Connelly turned around one of Canada's largest Aboriginal development corporations. In recognition of his contribution to Aboriginal economic development he received the Queen's Jubilee Medal in 2003. Since 1992 he has structured over 20 prosperous joint ventures and sat on the boards of many of the North's larger companies.
Mr. Connelly commented, "I am pleased to accept Avalon's invitation to serve on its Board of Directors. I share the Company's vision for environmentally and socially responsible mineral development that maximizes opportunities for aboriginal people, and I am looking forward to working with the Board to help Avalon achieve its goals with the development of the Nechalacho Rare Earth Elements deposit."
Mr. Connelly has been granted 175,000 incentive stock options exercisable at a price of C$2.25 per share for a period of five years from the date of grant of the options. The options will vest at the rate of 25% per year.
About Avalon Advanced Materials Inc
Avalon Advanced Materials Inc. (TSE:AVL) (OTCMKTS:AVLNF) (formerly Avalon Rare Metals) is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.
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