The Conversation (0)
Avanti Mining made an interest payment on the bridge loan
Jul. 30, 2010 08:29AM PST
Industrial MetalsSteel Guru.com reports on Avanti Mining’s (CVE:AVT) payment of interest on the Bridge Loan.
According to the terms and conditions set out in the Loan Agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan […]
Steel Guru.com reports on Avanti Mining’s (TSXV:AVT) payment of interest on the Bridge Loan.
According to the terms and conditions set out in the Loan Agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan in the amount of USD 100,000 in common shares and Avanti will deliver to RCF 895,977 common shares in satisfaction of the accrued interest payable for the period from April 1st 2010 to June 30th 2010. The shares will be subject to a 4 month hold period.