VANCOUVER, Feb. 22 /CNW/ - Avanti Mining Inc. ("Avanti") (TSX-V: AVT) announced today that Tom Corcoran has been appointed as Manager of Investor Relations for the company. Mr. Corcoran will be responsible for all aspects of corporate communications with shareholders, media and all potential investors. With over 17 years of corporate marketing, advertising, and media experience, Mr. Corcoran has exceptional writing, design and branding skills in addition to public speaking and presentation talent.
"Mr. Corcoran is an excellent addition to Avanti's team," said Mr. Nelsen. "His extensive experience in financial and public markets will be of great value in increasing our Company's exposure to both retail and institutional investors."
Mr. Corcoran graduated in 1989 from Simon Fraser University with an Applied Science degree in Communications. He spent over a decade as a broadcast journalist in both radio and TV, before launching a career in Corporate Communications for public companies involved in mining, specialty materials and nano-technology. Mr. Corcoran has further experience in corporate finance, having raised over $125 Million on behalf of public companies.
"Avanti has a world class Molybdenum project under development at Kitsault," said Mr. Corcoran. "As a very near term producer, it is exciting for me to be involved in a project of this caliber and scale with a dedicated team of professionals, who are meticulously focused, in taking the project forward."
Mr. Corcoran will be paid $7,000.00 per month and Avanti has granted 400,000 incentive stock options to Mr. Corcoran at an exercise price of Cdn$0.19 per share. These options are granted for a five-year period, and the grant is subject to vesting provisions in accordance with the rules of the TSX Venture Exchange. The term of the agreement for Mr. Corcoran's services is for six months.
Avanti Mining is developing the past producing Kitsault Molybdenum Mine, considered one of the top five primary Molybdenum development assets worldwide. This 100% Avanti controlled deposit is located 140 km northeast of Prince Rupert, in coastal British Columbia.
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; the details of the development of the Kitsault mine 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 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 Corporation's Annual Information Form for the year ended January 31, 2009, 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.
SOURCE AVANTI MINING INC.
For further information: For further information: please visit www.avantimining.com, or contact Craig J. Nelsen, Chief Executive Officer, (303) 565-5491, Extension 4471; or Tom Corcoran, Investor Relations Manager, 1-877-249-0640 or email: email@example.com