Molybdenum

Avanti Mining Inc. (CVE:AVT) reports there was a typographical error in the press release dated August 31, 2010 in which the historical resource at the Bell Moly deposit of 96.4 million tonnes was stated to have a grade of 0.54% instead of 0.054%.  The corrected press release is as follows: Avanti reported a net loss […]

Avanti Mining Inc. (TSXV:AVT) reports there was a typographical error in the press release dated August 31, 2010 in which the historical resource at the Bell Moly deposit of 96.4 million tonnes was stated to have a grade of 0.54% instead of 0.054%.

 The corrected press release is as follows:

Avanti reported a net loss of $2.6 million ($0.01 per share) for the six months ended June 30, 2010 compared to a net loss of $2.8 million ($0.03 per share) for the comparable period in 2009. In addition the Company deferred $3.9 million (2009 – $2.5 million) relating to the development costs of the Kitsault property. The Company had a cash balance of $13.4 million on hand as at June 30, 2010.

For complete news release, click here.

For Avanti’s company profile, click here.

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