🕐09.11.09 - 18:27 Uhr
Avanti Mining Inc. Board & Management Changes
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Re: News Releases - Monday, November 09, 2009
Avanti Mining Inc.
Board & Management Changes
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Vancouver, British Columbia: Avanti Mining Inc.
("Avanti") today
announces the appointment of Mark A Smith, as a director.
Mr.
Smith is the CEO and director of Molycorp Minerals LLC.
Molycorp is
based in Denver and operates the Mountain Pass rare earth mine in
Mountain Pass, California.
Prior to Molycorp, Mr.
Smith was the
president and CEO of Chevron Mining Inc.
a wholly owned subsidiary of
Chevron Corporation.
Chevron Mining operated five mines including the
Questa molybdenum mine in New Mexico.
Prior to that Mr.
Smith worked
for Unocal for 22 years managing various divisions including mining and
carbon.
He is a graduate of Colorado State University, College of
Engineering and also has a law degree from Western State University of
California.
Avanti also announces the resignation of David Cohen from the board of
directors due to other business commitments and the resignation of
Cheryl Martin, VP Investor Relations and Corporate Secretary, to pursue
opportunities in the gold mining sector.
Craig J.
Nelsen, President and
CEO of Avanti, welcomed Mark to Avanti board and stated, "Marks
molybdenum mining experience and contacts in the marketing of
molybdenum to end users will be invaluable to Avanti as we begin our
marketing and finance phase of developing Kitsault.
We also want to
thank David and Cheryl for their contributions during the early
formative years of Avanti and wish them every success in their future
endeavors."
Avanti is focused on the development of the past producing Kitsault
molybdenum mine located north of Prince Rupert in British Columbia.
For further information, please visit www.avantimining.com, or phone
303-565-5491 to contact:
Craig J.
Nelsen, Chief Executive Officer
A J Ali, Chief Financial Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti Mining
Inc.
(the "Corporation").
All statements, other than statements of
historical fact, included herein including, without limitation;
anticipated dates for receipt of permits and approvals, construction
and production, and other milestones; anticipated results of drilling
programs, feasibility studies and other analyses; estimated timing and
amounts of future expenditures, and the Corporations future
production, operating and capital costs, operating or financial
performance, are forward-looking statements.
These forward-looking
statements are based on the opinions of management at the date the
statements are made and are based on assumptions and subject to a
variety of risks and uncertainties and other factors that could cause
actual events to differ materially from those projected in
forward-looking statements.
Important factors that could cause actual
results to differ materially from the Corporations expectations
include fluctuations in commodity prices and currency exchange rates;
uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs, recovery rates, production
estimates and estimated economic return; the need for cooperation of
government agencies and native groups in the exploration and
development of properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing; the
possibility of delay in exploration or development programs or in
construction projects and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and other
governmental approvals; and other risks and uncertainties disclosed in
the Corporations prospectus dated July 31, 2007, which is available at
www.
Sedar.com.
The Corporation is under no obligation to update
forward-looking statements if circumstances or managements opinions
should change, except as required by applicable securities laws.
The
reader is cautioned not to place undue reliance on forward-looking
statements.
You can also view this News Release on our website at:
http://www.avantimining.com/s/NewsReleases.asp?ReportID=371252
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Copyright (c) 2009 AVANTI MINING CORP.
(AVMI) All rights reserved.
For more information visit our website at http://www.avantimining.com/
or send mailto:
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