Molybdenum

Avanti Mining Inc. (TSX-V:AVT) reported that the company has signed a definitive agreement to purchase a 100% interest in two mineral claims located in Kitsault, British Columbia, Canada.

Avanti Mining Inc. (TSX-V:AVT) reported that the company has signed a definitive agreement to purchase a 100% interest in two mineral claims located in Kitsault, British Columbia, Canada.

The press release is quoted as saying:

The Vendor will retain a 2% net smelter royalty on the Claims purchased by Avanti, however, at any time Avanti may purchase 1% of the net smelter royalty thereby reducing it to 1% by paying the Vendor $1,000,000. The closing of this purchase will be subject to the approval of the TSX Venture Exchange.

Click here to access the entire press release

Click here to access Avanti Mining Corporate Site

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