Resource Capital Funds to provide $40 mln loan to Vancouver's Avanti Mining
Vancouver-based Avanti Mining Inc (TSX VENTURE:AVT), a molybdenum exploration and development company, has entered into an agreement with U.S. private equity firm Resource Capital Funds (RCF) for a $40 million loan. According to the company, the financing will be used as working capital to begin pre-construction activities for its Avanti Kitsault Mine project located in northern British Columbia. Avanti Mining is backed by RCF and Hong Kong-based CEF Holdings.
31 October 2013•5 mins read
