Avanti gets additional funding for Kitsault mine

Jul 08, 2013 | 02:23 PM | Daniel Fitzgerald

Tags  Avanti Mining, A.J. Ali, CEF Holdings, Resource Capital Fund, Kitsault, molybdenum, Gitanyow, Daniel Fitzgerald

NEW YORK — Avanti Mining Inc. has obtained $10 million in additional funding for the development of its Kitsault molybdenum mine in northern British Columbia.

The Vancouver, British Columbia-based company has entered into a binding and committed term sheet with CEF Holdings Ltd. and Resource Capital Fund IV LP (RCF) that extends and restructures its existing $20-million bridge loan.....

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