Avalon Advanced Materials Inc 6-K, filed Jan 27, 2020

Avalon Advanced Materials Inc. (AVLNF)

6-K 2020-01-27 For: 2020-01-27

View Original

Added on April 07, 2026

About this 6-K

Avalon Advanced Materials Inc filed this 6-K on January 27, 2020.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

Exhibit
Number	Description
99.1	Notice of Annual General Meeting of Shareholders
99.2	Information Circular
99.3	Form of Proxy
99.4	Notice and Access for Proxy Solicitation
99.5	Voting Instruction Form
99.6	President's Letter
99.7	Confirmation of Meeting Mailing

	Suite 1901 - 130 Adelaide Street West
	Toronto, ON Canada M5H 3P5
	Telephone: (416) 364-4938 Fax: (416) 364-5162
	Email: ir@AvalonAM.com
	http://www.avalonadvancedmaterials.com

(1)	to elect the directors of the Company for the ensuing year;

(2)	to appoint the auditors of the Company for the ensuing year and to authorize the directors of the Company to fix the remuneration of the auditors;

(3)	to consider and, if deemed advisable, to pass an ordinary resolution, with or without variation, to approve all unallocated options, rights or other entitlements under the Company’s stock option plan, as more particularly described in the accompanying information circular;

(4)	to receive the audited financial statements of the Company for the financial year ended August 31, 2019 together with the report of the auditors thereon (the "Annual Financial Statements"); and

(5)	to transact such other business as may properly be brought before the Meeting or any adjournment thereof.

Name, Province/State and Country of Residence	Position with the Company	Present Principal Occupation, Business or Employment for the Past Five Years	Director Since	Common Shares Beneficially Owned, Directly or Indirectly or Controlled or Directed*
Donald Bubar Ontario, Canada	Director, President and CEO	President and CEO of the Company	February 17, 1995	6,661,100
Brian MacEachen⁽¹⁾ Nova Scotia, Canada	Director and Chair of the Board	Business owner-operator; Executive Consultant and CFO of Zonte Metals Inc.	November 16, 1998	340,000
Alan Ferry⁽¹⁾⁽²⁾ Ontario, Canada	Director	Self-employed businessperson; Chair, Plateau Energy Metals Inc.; Director, Guyana Goldfields Inc. 1998-2019.	February 24, 2000	225,000

Year	Stock Options Granted	Weighted Average Securities (i.e. Common Shares) Outstanding	Burn Rate
2019	3,020,000	275,760,316	1.1%
2018	2,345,000	215,152,381	1.1%
2017	3,180,000	187,869,637	1.7%

	BY ORDER OF THE BOARD OF DIRECTORS

	Donald S. Bubar
	President and Chief Executive Officer


Avalon Advanced Materials Inc.	Page 2
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 3
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 4
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 5
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 6
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 7
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 8
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 9
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 10
Information Circular as of and dated January 8, 2020

Month / Year	August 31, 2014	August 31, 2015	August 31, 2016	August 31, 2017	August 31, 2018	August 31, 2019
Avalon Advanced Materials Inc.	$100.00	$36.96	$43.48	$30.43	$16.30	$9.78
S&P/TSX Composite Total Return Index	$100.00	$91.32	$99.26	$106.44	$117.18	$122.27

Name and Principal Position	Year	Salary ($)	Share based awards ($)	Option-based awards⁽¹⁾ ($)	Non-Equity incentive plan compensation ($)		Pension Value⁽²⁾ ($)	All other compen-sation⁽³⁾ ($)	Total compen-sation ($)
Name and Principal Position	Year	Salary ($)	Share based awards ($)	Option-based awards⁽¹⁾ ($)	Annual incentive plans	Long term incentive plans	Pension Value⁽²⁾ ($)	All other compen-sation⁽³⁾ ($)	Total compen-sation ($)
Donald Bubar⁽⁴⁾ President and CEO	2019	300,000	Nil	29,010	Nil	Nil	Nil	Nil	329,010
	2018	300,000	Nil	15,001	Nil	Nil	Nil	1,023	316,024
	2017	300,000	Nil	42,109	Nil	Nil	Nil	1,023	343,132
R. James Andersen CFO and VP, Finance	2019	240,000	Nil	9,090	Nil	Nil	Nil	Nil	249,090
	2018	240,000	Nil	7,052	Nil	Nil	Nil	Nil	247,052
	2017	240,000	Nil	28,338	Nil	Nil	Nil	Nil	268,338
William Mercer VP, Exploration	2019	166,400	Nil	2,780	Nil	Nil	Nil	Nil	169,180
	2018	166,400	Nil	5,122	Nil	Nil	Nil	1,023	172,545
	2017	194,133	Nil	21,949	Nil	Nil	Nil	1,023	217,105
Pierre Neatby Former VP, Sales and Marketing	2019	206,424	Nil	6,137	Nil	Nil	Nil	Nil	212,561
	2018	208,000	Nil	6,044	Nil	Nil	Nil	Nil	212,702
	2017	208,000	Nil	21,359	Nil	Nil	Nil	Nil	229,359
Mark Wiseman VP, Sustainability	2019	187,000	Nil	3,760	Nil	Nil	Nil	Nil	190,760
	2018	172,000	Nil	6,044	Nil	Nil	Nil	1,023	179,067
	2017	172,000	Nil	23,846	Nil	Nil	Nil	Nil	195,846

Name	Termination without a change of controlof the Company ($)	Termination following a change of control of the Company ($)
Donald Bubar	1,200,000	1,200,000
R. James Andersen	900,000	900,000
William Mercer	260,000	455,000
Pierre Neatby	Nil⁽¹⁾	Nil⁽¹⁾
Mark Wiseman	238,333	433,333
Total	2,598,333	2,988,333


Avalon Advanced Materials Inc.	Page 11
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 12
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 13
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 14
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 15
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 16
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 17
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 18
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 19
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 20
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 21
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 22
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 23
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 24
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 25
Information Circular as of and dated January 8, 2020


Avalon Advanced Materials Inc.	Page 26
Information Circular as of and dated January 8, 2020

Name	Option-Based Awards				Share-Based Awards
Name	Number of securities underlying unexercised options (#)	Option exercise price ($)	Option expiration date	Value of unexercised in-the-money options⁽¹⁾($)	Number of shares or units of shares that have not vested (#)	Market or payout value of share-based awards that have not vested ($)	Market or payout value of vested share- based awards not paid out or distributed ($)
Donald Bubar	150,000⁽³⁾	0.22	Nov23/19	Nil	Nil	Nil	Nil
	200,000⁽²⁾	0.36	Feb29/20	Nil	Nil	Nil	Nil
	150,000⁽³⁾	0.12	Jan11/21	Nil	Nil	Nil	Nil
	200,000⁽²⁾	0.13	Feb28/21	Nil	Nil	Nil	Nil
	200,000⁽²⁾	0.18	Feb28/22	Nil	Nil	Nil	Nil
	200,000⁽²⁾	0.14	Feb28/23	Nil	Nil	Nil	Nil
	200,000⁽²⁾	0.10	Feb28/24	Nil	Nil	Nil	Nil
	500,000⁽²⁾	0.08	Jul08/24	Nil	Nil	Nil	Nil
R. James Andersen	125,000⁽³⁾	0.22	Nov23/19	Nil	Nil	Nil	Nil
	120,000⁽²⁾	0.30	May31/20	Nil	Nil	Nil	Nil
	100,000⁽⁴⁾	0.10	Nov30/20	Nil	Nil	Nil	Nil
	125,000⁽³⁾	0.12	Jan11/21	Nil	Nil	Nil	Nil
	120,000⁽²⁾	0.25	May31/21	Nil	Nil	Nil	Nil
	120,000⁽²⁾	0.15	May31/22	Nil	Nil	Nil	Nil
	120,000⁽²⁾	0.11	May31/23	Nil	Nil	Nil	Nil
	120,000⁽²⁾	0.10	May31/24	Nil	Nil	Nil	Nil
William Mercer	100,000⁽³⁾	0.22	Nov23/19	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.22	Nov30/19	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.12	Nov30/20	Nil	Nil	Nil	Nil
	100,000⁽⁴⁾	0.10	Nov30/20	Nil	Nil	Nil	Nil
	100,000⁽³⁾	0.12	Jan11/21	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.16	Nov30/21	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.12	Nov30/22	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.10	Nov30/23	Nil	Nil	Nil	Nil
Pierre Neatby⁽⁶⁾	-	-	-	Nil	Nil	Nil	Nil
Mark Wiseman	100,000⁽³⁾	0.22	Nov23/19	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.21	Aug06/20	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.17	Aug31/20	Nil	Nil	Nil	Nil
	100,000⁽⁴⁾	0.10	Nov30/20	Nil	Nil	Nil	Nil
	100,000⁽³⁾	0.12	Jan11/21	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.20	Aug31/21	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.14	Aug31/22	Nil	Nil	Nil	Nil
	80,000⁽²⁾	0.10	Aug31/23	Nil	Nil	Nil	Nil


Avalon Advanced Materials Inc.	Page 27
Information Circular as of and dated January 8, 2020

Name	Option-Based Awards -Value vested during the year ($)⁽¹⁾	Share-Based Awards -Value vested during the year ($)	Non-Equity Incentive Plan Compensation -Value earned during the year ($)
Donald Bubar	Nil	Nil	Nil
R. James Andersen	Nil	Nil	Nil
William Mercer	Nil	Nil	Nil
Pierre Neatby	Nil	Nil	Nil
Mark Wiseman	Nil	Nil	Nil
Note: (1) The value of the options vested during the year for each Named Executive Officer is based on the closing market price of the Company's common shares on the TSX on the vesting date less the option exercise price.


Avalon Advanced Materials Inc.	Page 28
Information Circular as of and dated January 8, 2020