Last C$0.06 CAD
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Volume 47.2K
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alloycorp mining inc (AVT) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
06/4/14 - C$0.14
52 Week Low
12/19/14 - C$0.04
Market Cap
32.2M
Average Volume 10 Days
143.8K
EPS TTM
C$-0.13
Shares Outstanding
585.2M
EX-Date
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P/E TM
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alloycorp mining inc (AVT) Details

Alloycorp Mining Inc. acquires, explores, and develops mineral properties in Canada. It has an interest in the Kitsault Property, which includes three molybdenum deposits comprising Kitsault, Bell Moly, and Roundy Creek located in Kitsault, British Columbia. The Kitsault Property consists of 39,211.4 hectares of mineral leases and mining claims. The company was formerly known as Avanti Mining Inc. and changed its name to Alloycorp Mining Inc. in December 2014. Alloycorp Mining Inc. was founded in 2006 and is based in Toronto, Canada.

7 Employees
Last Reported Date: 04/11/14
Founded in 2006

alloycorp mining inc (AVT) Top Compensated Officers

Consultant
Total Annual Compensation: C$309.0K
Compensation as of Fiscal Year 2013.

alloycorp mining inc (AVT) Key Developments

Alloycorp Mining Inc. Extends the Maturity Date of $50 Million Bridge Loan Facility

Alloycorp Mining Inc. announced that it has entered into an agreement to extend the maturity date of the $50 million Bridge Loan Facility dated November 14, 2014, among the Company, Avanti Kitsault Mine Ltd., and Resource Capital Fund VI L.P. The terms of the extension provide that the scheduled maturity date of the facility will be extended from January 31, 2015 to March 31, 2015, unless Resource Capital Fund, in its sole discretion, elects to further extend the maturity date in one month increments thereafter through and until June 30, 2015. No consideration will be payable by the Company to Resource Capital Fund in connection with the extension.

Alloycorp Mining Inc. Announces Extension to Facility Maturity Dates Both the Amended and Restated Loan Agreement

Alloycorp Mining Inc. announced that it has entered into agreements to extend the maturity dates of both the Amended and Restated Loan Agreement dated July 12, 2013, among the company, Avanti Kitsault Mine Ltd., Resource Capital Fund IV L.P. and Resource Capital Fund VI L.P., and the Loan Agreement dated December 19, 2013, among the company, Avanti Kitsault and RCF VI. The terms of the extensions provide that the scheduled maturity date of the New Bridge Loan Agreement and the Preconstruction Loan Agreement will be extended from December 31, 2014 to March 31, 2015, unless RCF, in its sole discretion, elects to further extend the maturity date in one month increments thereafter through and until June 30, 2015. No consideration will be payable by the company to RCF in connection with the extensions and the company remains free to prepay all amounts owing under the New Bridge Loan Agreement and the Preconstruction Loan Agreement at any time.

Avanti Mining Inc. and Avanti Kitsault Mines Ltd. Announce Executive Changes

Avanti Mining Inc. announced changes to senior management and Board of Directors in support of the continued development of the Kitsault Molybdenum project and overall growth of the company. The company has appointed Peter Mah as the Chief Operating Officer of the company and President of Avanti Kitsault Mines Ltd. Mr. Mah replaces Jeff Lowe, who has notified the company of his intention to retire from the company, effective December 31, 2014. Mr. Mah is a Professional Engineer with over 23 years of practical mine operations and development experience spanning project studies, construction and operations management with some of the major producers. Most recently, Mr. Mah was the Chief Operating Officer and Executive Vice President at Luna Gold Corporation. Mr. Mah was responsible for the operations of the company's primary asset, the Aurizona Gold Mine in Maranhão Brazil. The company announced that the Board of Directors appointed Daniella Dimitrov, Ken Pickering and John Stubbs to the Board, effective immediately. In addition, Peter Roberts will be retiring from the Board, effective December 31, 2014. Ms. Dimitrov has over 20 years of capital markets, financial, operational and regulatory experience. Ms. Dimitrov is currently the Chief Financial Officer of Orvana Minerals. Mr. Pickering is a retired professional engineer and mining executive with over 40 years of experience in the natural resources sector spanning operations in Canada, Chile, Australia, Peru and the United States with particular skills in major project development and mine operations management. Mr. Stubbs is a retired chemical engineer with over 40 years of experience in the natural resources sector spanning all aspects of project management including development, execution, assurance, commissioning and operations.

 

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