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AVT

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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 Reports Results from Annual Meeting

03/06/2014 1:30am

Marketwired Canada


Avanti Mining Inc. (TSX VENTURE:AVT)(PINKSHEETS:AVNMF) ("Avanti" or the
"Company") is pleased to announce voting results from its annual meeting held on
May 28, 2014 (the "Meeting"). At the Meeting, shareholders voted in favour of
fixing the number of directors of Avanti at five, and the following management
nominees were appointed as directors to hold office until the next annual
meeting of shareholders or until their successors are elected or appointed: Mr.
Gordon J. Bogden, Mr. Jasper Bertisen, Mr. Peter Roberts, Mr. Mark A. Smith and
Mr. Robert Francis. 


The Avanti Board of Directors thank Mr. Craig Nelsen and Mr. Mark Premo for
their dedication and contributions to the Company throughout their tenure as
directors of Avanti. Mr. Nelson was a Co-founder of Avanti and served as
President and Chief Executive from its inception in 2006 to October 2013 when he
moved to the role of Executive Chairman and was instrumental in the development
of the Kitsault Mine Project. Mr. Premo was appointed to the role of President
and Chief Executive in October 2013 through March 2014. Mr. Nelson and Mr. Premo
did not stand for re-election at the Meeting. The Avanti Board also thanks Mr.
A.J. Ali for his contributions in advancing the Company and the Kitsault Mine
Project as a Co-founder and Chief Financial Officer of Avanti. Mr. Ali will
continue in his current role of Executive Vice President until June 30, 2014, at
which time he will retire from Avanti. 


Mr. Mark A. Smith, Chairman said, "On behalf of the Board of Directors, I wanted
to thank Messrs. Nelsen and Ali as Co-founders of the business, for their
contribution over the years that helped move Avanti Mining and the Kitsault Mine
Project forward. The Board also thanks Mr. Premo for his contribution to the
company. We wish all three gentlemen all the best in their future endeavours."


Shareholders also voted in favour of re-approving the Company's stock option
plan, and the re-appointment of PricewaterhouseCoopers LLP, Chartered
Accountants, as the auditors of Avanti at the Meeting. 


Subsequent to the Meeting, the Company appointed Mario Caron to its board of
directors. Mr. Caron is the former President and Chief Executive Officer of
Aldridge Minerals Inc. and Axmin Inc., and has previously sat on the board of
directors of Marengo Mining Limited, Orosur Mining Inc., Vaaldiam Mining Inc.
and First Uranium Corporation. Mr. Caron holds a Bachelor's degree in Mining
Engineering and is a member of the Quebec Order of Engineers and the Association
of Professional Engineers of Ontario.


Avanti further announces that it has cancelled 1,000,000 incentive stock options
granted to an officer of Avanti on April 30, 2014 at an exercise price of C$0.07
per share in accordance with the Company's stock option plan approved by
shareholders at the Meeting.


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.


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


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

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