Vancouver, British Columbia--(Newsfile Corp. - July 27, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce the appointment of Mr. Phillip Gennarelli of Austin, Texas to the Board of Directors.
Mr. Gennarelli has over thirty years of senior management experience in sales, marketing and business development positions in the energy sector. He is currently President and CEO of Cavallo Energy LLC, a Houston, Texas based energy infrastructure company. Formed in 2004, Cavallo has invested over $350 million in energy projects, which include electric power generation, electric transmission, wind and solar renewables, retail operations, well log technologies, gas gathering and storage, and exploration and production. Over his career he has been associated with BP Amoco, Unocal, Reliant Energy/HL&P, Indeck Energy, Hadson Gas Systems, and Kinder Morgan/Natural Gas Pipeline Company of America (NGPL). He is also President and CEO of FirstPower Energy Texas, LLC, an Austin-based energy investment company focused on managing Mr. Gennarelli's family trust.
Mr. Gennarelli was a founding member of the Steering Committee for the Coalition for Green Capital, a consortium of 150 industry leaders including renewable resource developers, original equipment manufacturers, investors, financial advisors and consultants. The consortium created the concept for a U.S. -Treasury funded energy bank focused on green energy investments and sustainable energy jobs in renewable power and transmission infrastructure in the US. The Coalition supported the U.S. Green Bank Act (H.R. 1698) proposed by Congressman Chris VanHollens (D-MD). Mr. Gennarelli lives in Austin, Texas.
Mr. George Donnelly has resigned from the Board of Director of the Company but will continue to assist the board and management as a consultant. The management and board of directors of the Company wishes to thank Mr. Donnelly for his service as a member of the board of directors and looks forward to a continued valuable relationship.
The Company also announces that 3,100,000 incentive options exerciseable at $0.20 per common share have been granted to certain management, directors and employees.
Avanti was established in 2013 by energy industry executive John McIntyre and his team of professionals, representing over 200 years of global oil and gas experience in over 20 countries, including: Italy, Switzerland, United States, Indonesia, South Africa, Colombia, and Argentina. Avanti's focus is on the acquisition and enhancement of producing and other low risk assets that may benefit from the application of proven technologies.
For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422.
"John F. McIntyre"
President, CEO
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 news release.
