UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 or 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2015
Commission File Number 001-35001
AVALON RARE METALS
INC.
(Translation of registrants name into English)
130 Adelaide Street West
Suite #1901
Toronto, Ontario M5H 3P5
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F
Form 20-F
[X] Form 40-F
[ ]
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an attached
annual report to security holders.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report or other
document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrants home country), or under the
rules of the home country exchange on which the registrants securities are
traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrants security
holders, and, if discussing a material event, has already been the subject of a
Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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AVALON RARE METALS INC. |
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/s/ R. James Andersen |
Date December 24, 2015 |
R. James Andersen |
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Chief Financial Officer and VP Finance
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EXHIBIT INDEX
![](http://www.sec.gov/Archives/edgar/data/1362898/000106299315006805/exhibit99-1x1x1.jpg) |
130 Adelaide St. W., Suite
1901, Toronto, ON M5H 3P5 Tel: (416) 364-4938 Fax: (416) 364-5162
office@avalonraremetals.com www.avalonraremetals.com |
NEWS RELEASE
December 24, 2015 |
No. 15-12 |
Avalon Completes Non-Brokered Private Placement
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for Gross Proceeds of $750,000 |
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Toronto, ON Avalon Rare
Metals Inc. (TSX: AVL
and OTCQX: AVLNF) (Avalon or the Company)
is pleased to announce that it has completed a non-brokered private placement
(the Private Placement) today of 6,000,000 flow-through units ("Flow-Through
Units") at a price of $0.125 per Flow-Through Unit for gross proceeds of
$750,000. Each Flow-Through Unit was comprised of one flow-through common share
and one-half of one non-flow-through common share purchase warrant. Each whole
warrant shall entitle the holder to acquire one non-flow-through common share at
a price of $0.175 for a period of 24 months from today.
Secutor Capital Management Corporation, and its affiliates,
acted as a finder for the Company, and were paid a cash commission of 6% of the
gross proceeds and issued non-transferrable finders warrants equal to 6% of the
number of Flow-Through Units sold, with each finders warrant being exercisable
to acquire one common share of the Company at a price of $0.125 for a period of
24 months from today. Pursuant to Canadian securities laws, the securities
issuable under the Private Placement are subject to a hold period which expires
on April 25, 2016.
Proceeds from the Private Placement will be used to fund
eligible exploration work on Avalons Separation Rapids Lithium Project near
Kenora, Ontario and its East Kemptville Tin-Indium Project, in Yarmouth, Nova
Scotia.
This press release is not an offer of securities for sale in
the United States. The securities have not been and will not be registered under
the US Securities Act of 1933, as amended (the US Securities Act), and may not
be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) absent registration or an applicable
exemption from registration.
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc.
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.
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 how the
Company plans to use the net proceeds from the Private Placement. 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 Companys current Annual Information Form,
Managements Discussion and Analysis and other disclosure documents available
under the Companys 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 Companys 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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