Avanti Extends LOI with SeAH Holdings

Avanti Mining (OTC Other: AVNMF; TSX-V: AVT) has extended its letter of intent with SeAH Holdings until June 17, 2011 as negotiations continue.  According to A.J. Ali, Avanti’s CFO, “This extension does not change our financing strategy of selling a minority interest in Kitsault to a strategic partners or the timing to complete financing for construction start up early next year. There are several aspects to this negotiation including debt financing from other parties in Korea that require additional time to finalize.”

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