Avanti Mining Gets Shareholder Approval for US$50 Million Preconstruction Loan

Avanti Mining Inc. (TSXV:AVT) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. have received shareholder approval of the proposed US$50 Million Preconstruction Loan with Resource Capital Fund VI L.P.

As quoted in the press release:

The Facility was approved by 99.98% of the votes cast by Avanti shareholders after excluding those votes required to be excluded by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions at the special meeting held on December 18, 2013. A total of 308,280,798 common shares of Avanti were voted, representing 70.03% of the issued and outstanding shares of Avanti.

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