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Avanti Mining Issues Shares in Lieu of Cash for Interest Payable under Terms of RCF Bridge Loan

August 5, 2014



ENP Newswire - 05 August 2014

Release date- 01082014 - Vancouver, British Columbia - Avanti Mining Inc. (TSX-V: AVT) announced today that in accordance with the terms of the Amended and Restated Loan Agreement dated July 12, 2013, between Avanti, its wholly-owned subsidiary, Avanti Kitsault Mine Ltd., CEF Limited, Resource Capital Fund IV, LP and Resource Capital Fund VI, LP, Avanti has made interest payments in the aggregate amount of US$1,472,222.21 for the period from October 1, 2013 to June 30, 2014 by delivering to RCF IV 13,267,622 common shares and to RCF VI 12,676,066 common shares.

In addition, in accordance with the terms of its Preconstruction Loan Agreement dated December 19, 2013 between Avanti, AKM and RCF VI, Avanti has made interest payments in the amount of US$1,102,222.22 for the period from December 20, 2013 to June 30, 2014 by delivering to RCF VI 16,196,231 common shares.

The Company has also paid the Tranche A extension fee of US$500,000.00 and Tranche B establishment fee of US$500,000.00 to RCF IV in accordance with the terms of the Bridge Loan by delivering to RCF IV an aggregate of 21,296,000 common shares. All such shares will be subject to a four-month hold period.

For further information, please visit www.avantimining.com

Contact:

Avanti Mining Inc.

Shawn Howarth

Vice President

Corporate Development and Investor Relations

Tel: (416) 847-0376

Graham du Preez

Chief Financial Officer

Tel: (416) 847-0376


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Source: ENP Newswire


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