TORONTO, Dec. 3, 2014 /CNW/ - Anaconda Mining Inc. ("Anaconda" or "the Company") – (TSX: ANX) is pleased to report that on December 1, 2014, the Company made its final payment on a non-interest bearing loan, originally advanced in the amount of $500,000, from the Atlantic Canada Opportunities Agency ("ACOA").
President and CEO Dustin Angelo stated "The Company has made great strides in the past few years cleaning up its balance sheet and paying off over $8 million in debt while still advancing the Pine Cove Project. ACOA has been a great partner and we look forward to continuing our relationship by working together to fund future, value-added, strategic initiatives."
Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold mining and exploration company with a producing asset located on the Baie Verte Peninsula in Newfoundland, Canada called the Pine Cove mine.
SOURCE: Anaconda Mining Inc.
For further information: Anaconda Mining Inc.: Dustin Angelo, President and CEO, (647) 260-1248, Email: [email protected]; or ProConsul Capital Ltd.: Andreas Curkovic, Investor Relations, (416) 577-9927, Email:[email protected], Company website: www.anacondamining.com