Alloycorp Mining Announces Arrangements for US $435 Million in Financing

Resource Capital Funds (RCF) recently provided Toronto-based, Alloycorp Mining, a conditional equity investment commitment of US$140 million for the company’s construction capital requirements. The molybdenum developer, whose Avanti Kitsault Project is located approximately 120 kilometres north of British Columbia, will use an initial US$50 million of the commitment to repay the outstanding secured bridge loan facility with RCF.

 

Visit Alloycorp Mining’s website to read the full release:

http://www.alloycorp.com/s/NewsReleases.asp?ReportID=701835&_Type=News-Releases&_Title=Alloycorp-Mining-Announces-Arrangements-for-US435-Million-in-Financing-Upda