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Avalon Holdings Corp. Message Board

  • smaycs4 smaycs4 Sep 19, 2013 5:24 PM Flag

    8k Avalon has determined that the estimated remaining costs to drill and construct the facilities will be approximately $5.0 million. Construction of the first well has begun

    As previously disclosed, on July 18, 2013 Avalon Holdings Corporation (Avalon), through a wholly owned subsidiary, received two permits to drill, construct and operate two salt water injection wells. Avalon has determined that the estimated remaining costs to drill and construct the facilities will be approximately $5.0 million. Construction of the first well has begun.

    Avalon has formed a new Ohio limited liability company, AWMS Holdings, LLC, to act as a holding company to form and own a series of wholly owned subsidiaries that will own and operate salt water injection wells and facilities. AWMS Holdings, LLC is considering the advisability of selling membership units in AWMS Holdings, LLC to accredited investors.

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