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Tag "avanti-mining-inc"

Avanti Mining Increases Amount of Preconstruction Loan to US$50 Million and Sets New Date for Shareholder Meeting 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/22/13 — Avanti Mining Inc. (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company") announces that, further to the Company-s press release dated October 31, 2013, the Company has amended the terms of its binding and committed term sheet with Resource Capital Fund VI L.P. ("RCF") to increase the amount of the secured preconstruction loan from US$40

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Avanti Mining Further Optimizes Kitsault Feasibility Study 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/14/13 — Avanti Mining Inc. (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) ("Avanti") is pleased to provide the results of the most recent study to further optimize the February 2013 Feasibility Study Update ("FSU") prepared by AMEC on its 100% owned Kitsault Molybdenum-Silver property in northwest British Columbia, Canada. The optimization started with a new mine plan including new capital and operating cost estimates intended to b

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Avanti Mining Arranges US$40 Million Preconstruction Loan 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/31/13 — Avanti Mining Inc. (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) and its wholly owned subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company") is pleased to announce that it has entered into a binding and committed term sheet with Resource Capital Fund VI L.P. ("RCF") for a US$40 million preconstruction loan (the "PC Loan").The purpose of the PC Loan is to provide the Company with working capita

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Avanti Announces Resignation of Michael Winship as Director 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/29/13 — Avanti Mining Inc. ("Avanti" or "Company") (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) has received and accepted the resignation of Michael D. Winship as a Director of the Company, a role he has held since November 2012, in order to devote more time to his current business activities."It has been a pleasure to work closely with Michael over the last year and the board and I thank him for his contributions to Avanti.

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Avanti Mining Draws Down US$5 Million on Loan Facility 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/22/13 — Avanti Mining Inc. (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) ("Avanti" or the "Company") is pleased to 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 (the "RCF-CEF Loan"). Details of the RCF-

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Avanti Mining Issues Shares in Lieu of Cash for Interest Payable Under Terms of RCF Loan and Grants Stock Options 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/09/13 — Avanti Mining Inc. (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) ("Avanti" or the "Company") announced today that in accordance with the terms of the Amended and Restated Loan Agreement (the "Loan Agreement") dated July 12, 2013, between Avanti, its wholly-owned subsidiary, Avanti Kitsault Mine Ltd., CEF (Capital Markets) Limited, Resource Capital Fund IV, LP ("RCF IV") and Resource Capital Fund VI, LP

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Avanti Announces Appointment of New President & CEO and Management Succession Plans 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/01/13 — Avanti Mining Inc. ("Avanti" or "Company") (TSX VENTURE: AVT)(PINKSHEETS: AVNMF) is pleased to announce management succession plans beginning with the promotion of Mark Premo to President & Chief Executive Officer of the Company effective October 1, 2013. Mark has served the Company as Chief Operating Officer since June 2012. Craig J. Nelsen, the Companies current President & CEO, will assume the role of Ex

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