• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks

    Avanti Mining: US$20 Million Bridge Loan Closed

    Investing News Network
    Jul. 03, 2012 07:10AM PST
    Industrial Metals

    Avanti Mining Inc. (TSXV:AVT) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. announced the closing of a bridge loan with CEF Holdings Limited and Resource Capital Fund IV L.P. on June 29, 2012, to provide a US$20 million bridge loan for a one-year term.

    Avanti Mining Inc. (TSXV:AVT) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. announced the closing of a bridge loan with CEF Holdings Limited and Resource Capital Fund IV L.P. on June 29, 2012, to provide a US$20 million bridge loan for a one-year term.

    As quoted in the press release:

    US$9,839,500 of the proceeds was used to repay existing loans from RCF. The US$5 million convertible portion of those loans would have required issuance of 25,829,114 shares and 12,914,557 four-year warrants, which are no longer an obligation of Avanti.

    Click here to read the Avanti Mining (TSXV:AVT) press release

    See this press release on Marketwire
    Click here to see the Avanti Mining (TSXV:AVT) profile

    tsxv:avtavanti miningkitsault mineavanti mining inccef holdingsavanti kitsault mine
    The Conversation (0)

    Go Deeper

    AI Powered
    Copper Investing

    Nicola Mining: $51 Million Invested in 4 Assets, Market Cap $6 Million, Cash Flow Next Year

    ION Energy Identifies New Lithium Discovery: White Wolf Prospect, with Highly-Encouraging Results Up To 1,502 ppm

    ION Energy Identifies New Lithium Discovery: White Wolf Prospect, with Highly-Encouraging Results Up To 1,502 ppm

    Latest News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES