Anaconda Mining makes final payment on Atlantic Canada opportunities agency loan

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."

ABOUT ANACONDA
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.