Avanti Mining Completes Loan with Resource Capital Funds

Avanti Mining (OTC Other: AVNMF; TSX-V: AVT) has entered into a loan agreement with Resource Capital Funds for $5 million, the purpose of which is to provide general working capital while the Company focuses on finding a partner for the development of its Kitsault molybdenum project.  The Loan will accrue interest at a rate of 12% per year, which is payable at the end of each quarter in cash or common shares of the Company, at RCF’s option.

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