Avanti Mining Changes Name to Alloycorp Mining

Avanti Mining Inc. (TSXV:AVT) announced that it has made senior management and board changes to support company growth and the development of its Kitsault molybdenum project. It also said it will be changing its name to Alloycorp Mining Inc., though its shares will still trade under the symbol “AVT.”

As quoted in the press release:

The Company has appointed Peter Mah as the Chief Operating Officer of the Company and President of Avanti Kitsault Mines Ltd. (‘Avanti Kitsault’). Mr. Mah replaces Jeff Lowe, who has notified the Company of his intention to retire from the Company, effective December 31, 2014.

[T]he Board of Directors (the ‘Board’) has appointed Daniella Dimitrov, Ken Pickering and John Stubbs to the Board, effective immediately. In addition, Peter Roberts will be retiring from the Board, effective December 31, 2014.

Speaking on the name change, Gordon J. Bogden, president and CEO of Avanti, said:

Changing our name to Alloycorp reflects an alignment with the Company’s strategy to become a diversified producer of steel alloys metals and will effect greater public awareness and recognition of the business conducted by the Company.

Click here to read the full Avanti Mining Inc. (TSXV:AVT) press release.