ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AVT

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:AVT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Avanti Mining Receives an Amended Mines Act Permit for the Kitsault Project

16/06/2014 1:30pm

Marketwired Canada


Avanti Mining Inc. (TSX VENTURE:AVT)(PINKSHEETS:AVNMF) ("Avanti") is pleased to
announce that on June 13, 2014, the British Columbia Ministry of Energy and
Mines issued an amendment to Avanti's existing Mines Act Permit (M-10). The
decision to issue the amended M-10 permit was made after a comprehensive review
by the Kitsault Mine Review Committee ("KMRC"), consisting of representatives
from relevant regulatory agencies, the Nisga'a Nation and the Metlakatla First
Nation. Avanti expects to receive the remaining secondary construction related
approvals in the very near future. 


"We are delighted with the decision by the Chief Inspector of Mines and the
issuance of the amendment to our Mines Act Permit" said Gordon J. Bogden,
President and CEO of Avanti. "This is a very significant milestone for the
Kitsault molybdenum project. Further, it is a forerunner for other corollary
leases and licenses that are anticipated within a few days and which will allow
us to commence road and camp construction at site. Avanti's pre-construction
funding was secured in December 2013 in the form of a $50 million loan from
Resource Capital Funds. In the meantime Avanti continues its project debt
negotiations with its banking syndicate while it explores in parallel a number
of other financing sources such as a sale of a silver stream, and investment by
a strategic partner."


Avanti is focused on the development of the past-producing Kitsault molybdenum
mine located north of Prince Rupert, British Columbia. The Kitsault Mine Project
received an environmental assessment certificate from the province of British
Columbia in March 2013. A federal environmental assessment decision is expected
in the near future.


For further information, please visit www.avantimining.com.

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; statements related the receipt of secondary
construction approvals and the environmental assessment decision 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 Corporation's expectations include the need for
cooperation of government agencies and native groups in the exploration and
development of properties and the issuance of required permits; and other risks
and uncertainties disclosed in the Corporation's MD&A and the Annual Information
Form for the year ended December 31, 2013, which are available at www.sedar.com.
The Corporation is under no obligation to update forward-looking statements if
circumstances or management's opinions should change, except as required by
applicable securities laws. The reader is cautioned not to place undue reliance
on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Avanti Mining Inc.
Gordon J. Bogden
President and Chief Executive Officer
(416) 847-0376


Avanti Mining Inc.
Graham du Preez
Chief Financial Officer
(416) 847-0376
www.avantimining.com

1 Year Alloycorp Mining Inc. Chart

1 Year Alloycorp Mining Inc. Chart

1 Month Alloycorp Mining Inc. Chart

1 Month Alloycorp Mining Inc. Chart

Your Recent History

Delayed Upgrade Clock