SYS-CON MEDIA Authors: Pat Romanski, Elizabeth White, Glenn Rossman, Cynthia Dunlop, Peter Silva

News Feed Item

Avanti Mining Reports Results from Annual Meeting

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/03/14 -- 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.

Contacts:
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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...