Avanti Mining Inc.

Avanti Mining Inc.

October 01, 2013 08:30 ET

Avanti Announces Appointment of New President & CEO and Management Succession Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2013) - Avanti Mining Inc. ("Avanti" or "Company") (TSX VENTURE:AVT)(PINKSHEETS:AVNMF) is pleased to announce management succession plans beginning with the promotion of Mark Premo to President & Chief Executive Officer of the Company effective October 1, 2013. Mark has served the Company as Chief Operating Officer since June 2012. Craig J. Nelsen, the Companies current President & CEO, will assume the role of Executive Chairman. Prior to joining Avanti, Mark was the President of Chevron Mining Inc., which owns and operates the Questa Molybdenum mine in New Mexico. Mark is a professional engineer with over thirty- five years of experience. He graduated from Michigan Tech in 1977 and spent his entire career with Chevron.

The Company will also shortly begin the search for a new CFO who will work closely with AJ Ali, the Company's current CFO, as Avanti completes the mine finance package and Mark continues to build his operating team. The Board recognizes AJ's unique skill set in project finance and his primary mandate will be executing the Company's financing strategy.

"It has been a pleasure to work closely with Mark over the last 16 months. The Board and I have complete confidence that Mark is the right person to lead the Company as it commences development of the Kitsault mine." said Craig J. Nelsen, Executive Chairman. "Both AJ and myself as founders and significant shareholders in Avanti are committed to the transition of the Company's management team in preparation of commencement of development activities, and will continue to support these efforts into the foreseeable future."

"I am pleased with the opportunity and look forward to accomplishing the objectives of putting Kitsault into production and thus realizing the true value of this world class molybdenum asset." said Mark Premo, President & CEO.

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. All statements, other than statements of historical fact, included herein including, without limitation, the Company's plans to participate in and oppose the petition of the Nisga'a, 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 Company's expectations include uncertainties inherent in litigation matters, the need for the cooperation of government agencies and native groups and other risks and uncertainties disclosed in the Company's Annual Information Form for the year ended December 31, 2011, which is available at www.sedar.com. The Company is under no obligation to update forward-looking statements if circumstances or management's opinions should change, excepting as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements

Contact Information

  • Avanti Mining Inc.
    Craig J. Nelsen
    Executive Chairman

    Avanti Mining Inc.
    A.J. Ali
    Chief Financial Officer
    604-620-7670, extension 222

    Avanti Mining Inc.
    Mark G. Premo
    President & CEO
    604-620-7670, extension 223