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Avanti Mining Inc. (TSXV:AVT) announced that it has drawn down the remaining US$5 million of the loan facility between Avanti, its wholly-owned subsidiary, Avanti Kitsault Mine Ltd., CEF (Capital Markets) Limited, Resource Capital Fund IV, L.P. and Resource Capital Fund VI, LP dated July 12, 2013.
As quoted in the press release:
Details of the RCF-CEF Loan were announced in the Company’s press releases dated July 4, 2013 and July 15, 2013.
The proceeds from the drawdown will be used for general working capital.
Click here to read the Avanti Mining Inc. (TSXV:AVT) press release
Click here to see the Avanti Mining Inc. (TSXV:AVT) profile.
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