Avalon Investment Holdings Ltd.

Avalon Investment Holdings Ltd, through its wholly owned subsidiary, holds a 100-per-cent interest in a newly issued prospecting licence in Guyana, which covers 4,590 acres of licensed area, including the site of the past-producing Omai gold mine. The Omai gold mine produced 3.7 million ounces of gold by open pit mining at an average grade of 1.6 g/t prior to closure in 2005 by Iamgold Corp. Substantial exploration potential remains outside of the original pit boundaries due to a low gold price.

Recent News

Avalon Investment Holdings Announces an Additional US$ 2,753,513 in Proceeds and Closing of Its Non-Brokered Private Placement

Toronto, Ontario--(Newsfile Corp. - July 2, 2020) - Avalon Investment Holdings Ltd. ("Avalon") the holder of 100% interest in the Omai Gold Mine in Guyana, through a wholly owned subsidiary, is pleased to announce that it has raised additional gross proceeds of US$2,753,513 to complete its pre-RTO non-brokered private placement initially announced on October 10, 2019 (the "Offering"). Pursuant to the closing of this final tranche of the Offering, Avalon issued 27,535,134 units (each, a...

2020-07-02 3:32 PM EDT

Avalon Investment Holdings Announces Closing of Non-Brokered Private Placements of an Additional US$2,818,610 for Aggregate Gross Proceeds to Date of US$6,133,467

Toronto, Ontario--(Newsfile Corp. - May 21, 2020) - Avalon Investment Holdings Ltd. ("Avalon") the holder of 100% interest in the Omai Gold Mine in Guyana, through a wholly owned subsidiary, is pleased to announce that it has raised additional gross proceeds of $2,318,610 in connection with a non-brokered private placement previously announced on October 10, 2019 (the "Offering") and gross proceeds of US$500,000 to Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) ("Sandstorm") as noted below (the...

2020-05-21 8:00 AM EDT

Avalon Investment Holdings Announces Closing of First Tranche of Private Placement Aggregate Gross Proceeds of US$3,314,857

Toronto, Ontario--(Newsfile Corp. - January 14, 2020) - Avalon Investment Holdings Ltd ("Avalon") the holder of 100% interest in the Omai Gold Mine in Guyana, through a wholly owned subsidiary, is pleased to announce that it has raised gross proceeds of US$3,314,857 as the first tranche of its US$4,400,000 non-brokered private placement previously announced on October 10, 2019 (the "Offering").Avalon issued 15,000,000 common shares (each, a "Common Share") to Sandstorm Gold Ltd (NYSE: SAND)...

2020-01-14 8:00 AM EST

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