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Avanti Mining Gets Shareholder Approval for US$50 Million Preconstruction Loan
Dec. 19, 2013 11:47AM PST
Industrial MetalsAvanti 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.
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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