Avanti Mining’s US$50 Million Preconstruction Loan Facility Closed

Avanti Mining Inc. (TSXV:AVT) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. announced the closing of its previously announced US$50 Million Preconstruction loan facility with Resource Capital Fund VI L.P.

As quoted in the press release:

At closing, the Company drew down US$20 Million of the US$50 Million Facility, approximately US$10 Million was used to repay CEF. The remaining US$30 Million available under the Facility may be drawn upon according to the following schedule: US$10 million, after January 31, 2014 and prior to May 30, 2014; US$10 million, after March 31, 2014 and prior to May 30, 2014; and US$10 million, after April 30, 2014 and prior to May 30, 2014.

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