Avanti Mining (OTC Other: AVNMF; TSX-V: AVT) has amended the existing letter of intent with SeAH Holdings to add Korea Resources Corporation (“KORES”) on the same terms as SeAH. The LOI with SeAH and KORES has been extended to July 31, 2011 to allow KORES time to complete its due diligence review and approval process. The LOI is non-binding. Any transaction is subject to conditions including the negotiation and execution of definitive agreements and board approvals from the respective parties. There can be no assurance any transaction will be completed.
Avanti Adds KORES to SeAH LOI to Assist with Kitsault Mine Debt Financings