Avion Resources is a Canadian-based exploration and development company focused on strategic acquisitions in Africa. Avion has built a team of highly qualified geologists and engineers, as well as a strong operational team, with the goal of becoming a gold producing company in 2009. Avion recently purchased a 100 square kilometre land and mine package in Mali, which contains the Tabokoto mine and the Segala project.
Avion Gold adds OTCQX listing to TSX-Venture presence
4th Feb 2010, 2:32 pm
OTCQX is a premium market tier offered by Pink OTC Markets that aims to raise the visibility of OTC-traded companies that, although not traded on a stock exchange, have operating businesses and provide substantial disclosure to the marketplace.
President and CEO John Begeman said: "Avion is pleased with this new listing in the United States. The listing of Avion Gold on the OTCQX will streamline the opportunity for investors to participate in the growth of a company that has expansion plans and that has existing gold production."
Pink OTC Markets is an inter-deal quotation system as well as a trading technology and financial information provider for over-the-counter (OTC) securities.
Canada-based Avion Gold is focused in West Africa. The company holds 80 percent of the Tabakoto and Segala gold projects in Mali. Gold production at these projects has started, with Avion producing slightly over 51,000 ounces in 2009.
The production forecast for 2010 is 100,000 ounces with an expected cash cost of US$450 per ounce.
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