Mr. Sean Flynn reports
AVVENTURA RESOURCES LTD. ANNOUNCES $100,000 LOAN FACILITY FROM MID ATLANTIC CAPITAL ASSOCIATES LTD.
Avventura Resources Ltd. has entered into a loan agreement with Mid Atlantic Capital Associates Ltd. for $100,000, which will provide additional working capital to support continuing corporate and exploration initiatives.
The loan is provided in accordance with the terms set out in a general security agreement (GSA) executed between the parties. The loan bears interest at 2 per cent per annum, and is subject to the security, covenants and conditions previously agreed to under the GSA.
Avventura anticipates that the loan will strengthen the company's near-term liquidity as it continues advancing corporate matters and preparation for upcoming exploration activities.
There are no finders' fees or bonuses payable in connection with this loan.
About Avventura Resources Ltd.
Avventura Resources is a Canadian mineral exploration company focused on the acquisition and development of high-potential exploration projects. The company is committed to responsible resource development and creating long-term value for its shareholders.
We seek Safe Harbor.
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