Business
Avanti Mining Inc. engages WesTLB as financial advisor for debt requirements to build its Kitsault mine
Avanti Mining Inc. engages WesTLB as financial advisor for debt requirements to build its Kitsaul...
About this update from Alaska Hydro Corp.
[{"type":"text","content":"\n\n\n\nNov. 23, 2009 (Canada NewsWire Group) -- VANCOUVER, Nov. 23 /CNW/ -- Avanti Mining Inc. (\"Avanti\") today announces it has engaged WestLB AG (\"WestLB\") to act as its exclusive financial advisor in connection with arranging project finance for the development of the Kitsault molybdenum mine in British Columbia. The engagement is effective January 1, 2010 to enable WestLB to work with Avanti during the same time as Avanti's Prefeasibility Study announced on November 16, 2009 is refined into a Final Feasibility study.A.J. Ali, Chief Financial Officer of Avanti, states, \"We are pleased that a resource bank of WestLB's caliber will be assisting us to \"fast track\" the financing of the project concurrent with Avanti's marketing and technical study activities. We expect this approach to save a minimum of six months in the aggressive development schedule for Kitsault.\"WestLB is a Global Project Finance house and a market leader in mining financing. It offers the full range of products and services of a universal bank, focusing on lending, corporate and structured finance, capital market and private equity products, and transaction services. WestLB's Metals and Mining team incorporates years of sector experience, and the institutional global reach and local knowledge to deliver advisory, risk management and corporate and structured finance products in a timely, consistent and reliable manner. In 2009, the Metals & Mining Group has Lead Arranged transactions involving over USD 1 billion in financing for the sector.Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.Neither the TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the \"Corporation\"). All statements, other than statements of historical fact, included herein including, without limitation; anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; estimated timing and amounts of...