19 December 2014
Toronto, Ontario--(Newsfile Corp. - December 19, 2014) - Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL) ("Avalon" or the "Company") is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 8,981,781 flow-through common shares ("Flow-Through Shares") at a price of $0.27 per Flow-Through Share for gross proceeds of approximately $2.425 million.