Alloycorp Mining Makes Interest Payments Worth US$500,000

Alloycorp Mining Inc. (TSXV:AVT) announced that it has made interest payments worth US$500,000 for the period of April 1, 2015 to June 30, 2015 by issuing 6,201,500 common shares each to Resource Capital Fund IV LP and Resource Capital Fund VI LP.
As quoted in the press release:

In addition, in accordance with the terms of the Preconstruction Loan Agreement dated December 19, 2013, as amended on December 31, 2014, among Alloycorp, AKM and RCF VI, Alloycorp has made interest payments in the amount of US$1,000,000 for the period from April 1, 2015 to June 30, 2015 by delivering to RCF VI 24,806,000 common shares. All such shares will be subject to a four-month hold period.

Click here to read the full Alloycorp Mining Inc. (TSXV:AVT) press release.
Alloycorp is a TSX-Venture listed company headquartered in Toronto with an operations office in Vancouver. Alloycorp’s strategy is to become the unique supplier of steel alloy metals. Cornerstone to this strategy is the development of the Kitsault molybdenum project. Parallel to this, Alloycorp is seeking to grow through the acquisition of other assets with commodities that supply to the steel alloys industry.