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.”

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: