Institutional Shareholder Services (ISS) and Glass Lewis & Co. have recommended that Avanti Mining Inc. (TSXV:AVT) shareholders vot in favour of the US$50 million Preconstruction Loan from Resource Capital Fund VI L.P. The Company will hold a shareholders meeting to approve the Facility on December 18, 2013.
Avanti Mining Inc. (TSXV:AVT) amended the terms of its binding and committed term sheet with Resource Capital Fund VI L.P. to increase the secured preconstruction loan from US $40,000,000 to US $50,000,000 (the Facility). The Company will hold a shareholders meeting to approve the Facility on December 18, 2013
Avanti Mining Inc. (TSXV:AVT) further optimized the February 2013 Feasibility Study Update prepared by AMEC on its Kitsault property in British Columbia. The optimization started with a new mine plan that included new capital and operating cost estimates.
Avanti Mining Inc. (TSXV:AVT) announced the resignation of Michael D. Winship as a Director of the Company.
Avanti Mining Inc. (TSXV:AVT) promoted Mark Premo to President and Chief Executive Officer, effective October 1, 2013. Craig J. Nelsen, the Companies current President & CEO, will assume the role of Executive Chairman.
American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced a financing to raise up to US$3,000,000, at a price of US$1,000 per unit. Each unit will consist of a US$1,000 non-transferable unsecured convertible debenture of the Company and 1,500 non-transferable common share purchase warrants.
American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced that Long Wang has resigned from his position as Executive Vice President, but will remain a director of the Company.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) arranged a non-brokered private placement of 10,000,000 units, at a price of $0.10 per unit, to raise gross proceeds of $1 million.
Avanti Mining Inc. (TSXV:AVT) received notice on the beginning of the final 30-day public comment period on the Comprehensive Study Report (CSR) by the Canadian Environmental Assessment Agency (CEAA), which is the final significant milestone in the Kitsault environmental assessment process.
American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) filed a notice claim against former management of the company, namely Brian A. McClay, Kyle McClay, Bill Jefferies and 1330275 Ontario Limited (a private company controlled by Jefferies and Brian McClay), due to actions undertaken while they were in positions of management with fiduciary responsibilities to the shareholders of the Company.