Avanti Announces Payment to Nicholas Carter For Purchase and Sale Agreement

Avanti Mining Inc. (TSXV:AVT) announced payment of C$25,000 and issuance of 75,000 Avanti common shares to Nicholas Carter pursuant to a purchase and sale agreement  of a 100% interest in two mineral claims located in Kitsault, British Columbia, Canada.

As quoted in the press release:

In consideration of this purchase and in accordance with the terms of the Agreement, Avanti agreed to pay Nicholas Carter the total sum of C$100,000 in cash and to issue 250,000 Avanti common shares over four years. The final instalment of C$35,000 and 100,000 Avanti common shares is due on April 21, 2014, payment of which completes Avanti’s obligations under the Agreement.

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