Avalon Rare Metals Inc. (TSE:AVL) Announces US$4million Registered Direct Offering
Avalon Rare Metals Inc. (TSE:AVL) (NYSEMKT:AVL) is pleased to announce that it has entered into a definitive agreement with an institutional investor pursuant to which the investor will purchase 9,237,875 units of the Company at a price of US$0.433 per unit (the "Offering").