Avanti Mining Inc.
CNQ : AVMI

Avanti Mining Inc.

November 09, 2007 15:58 ET

Avanti Mining Shares Deemed RRSP Eligible

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

Avanti Mining Inc. (CNQ:AVMI) is pleased to announce that it has filed an Election to Be a Public Corporation with the Canada Revenue Agency to qualify the company's shares for investment in registered retirement savings plans, registered retirement income funds, deferred profit sharing plans, and pension plans, effective immediately.

To qualify as a public corporation, Avanti Mining Inc. complied with conditions regarding the number of its shareholders, dispersal of ownership of its shares, public trading of its shares, and the size of the corporation as required by the regulations to the Income Tax Act (Canada).

Forward Looking Statements: This news release contains certain forward looking information concerning the business of the Corporation. 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. These risks are further described in the Corporation's 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 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.

The CNQ Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Avanti Mining Inc.
    Craig J. Nelsen
    Chief Executive Officer
    (303) 565-5491, ext. 13
    or
    Avanti Mining Inc.
    Cheryl A. Martin
    Investor Relations
    (303)565-5491, ext. 12