AVALON HOLDINGS CORPORATION (NYSEMKT:AWX) Files An 8-K Other EventsITEM 8.01 Other Events
On March 21, 2017, the Ohio 10th Circuit Court of Appeals granted a stay to the February 21, 2017 restart order which the Ohio Department of Natural Resource’s Division of Oil and Gas Resources Management (the “Division”) requested of the court. The Ohio 10th Circuit Court of Appeals stay is in effect until such time as it is revoked or until the appellate court rules on the merits of the Division’s appeal of the February 21, 2017 order.
As previously reported, on February 21, 2017, the Court of Common Pleas in Franklin County, Ohio issued its Final Decision and Order in the AWMS Water Solutions, LLC appeal of the Ohio Oil and Gas Commission’s decision that upheld the Division’s suspension of the AWMS #2 injection well. AWMS Water Solutions, LLC (the “Company”) is a wholly owned subsidiary of Avalon Holdings Corporation. The Court’s Order set conditions for the restarting of AWMS #2 in accordance with the proposed restart plans filed by the Company with minor revisions.
While the Company was making preparations for restarting the well and opening the facility, the March 21, 2017 motion to stay granted by the Ohio 10th Circuit Court of Appeals has caused the Company to cease those preparations for restarting the AWMS #2 injection well.
About AVALON HOLDINGS CORPORATION (NYSEMKT:AWX)
Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in northeastern and midwestern United States markets, captive landfill management for an industrial customer and salt water injection well operations. The Company operates through two segments. The Company’s waste management services segment includes waste disposal brokerage and management services, captive landfill management operations and salt water injection well operations. The golf and related operations segment includes the operation and management of over three golf courses and related clubhouses, a hotel, fitness centers, tennis courts, spa services, dining and banquet and conference facilities and a travel agency. Its subsidiary, American Waste Management Services, Inc., assists customers with managing and disposing of wastes at various treatment and disposal sites. Its golf courses are located in Warren, Ohio, Vienna, Ohio and Sharon, Pennsylvania. AVALON HOLDINGS CORPORATION (NYSEMKT:AWX) Recent Trading Information
AVALON HOLDINGS CORPORATION (NYSEMKT:AWX) closed its last trading session down -0.42 at 2.40 with 88,444 shares trading hands.
