00:18:48 EDT Sat 10 Jun 2023
Enter Symbol
or Name

Avanti Helium Corp
Symbol AVN
Shares Issued 58,223,382
Close 2022-10-25 C$ 0.59
Recent Sedar Documents

Avanti Helium prospectus offering, warrant listing

2022-10-25 19:30 ET - Prospectus Approved

Effective Oct. 19, 2022, the company's short form prospectus dated Oct. 18, 2022, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia and the Ontario securities commissions. Under Multilateral Instrument 11-102, Passport System, in Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, a receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the instrument have been satisfied.

The TSX Venture Exchange has been advised that closing occurred on Oct. 24, 2022, for gross proceeds of $6.44-million (including the full exercise of the agents' overallotment option).

Agents:  Raymond James Ltd., Beacon Securities Ltd., Cormark Securities Inc. and Haywood Securities Inc.

Offering:  9,757,575 units (including the full exercise of the agents' overallotment option) (Each unit consists of one common share in the capital of the company and one common share purchase warrant.)

Unit price:  66 cents per unit

Warrant exercise price/term:  80 cents per share to Oct. 24, 2024

Agents' warrants:  683,029 non-transferable warrants, each exercisable to purchase one share at 66 cents per share to Oct. 24, 2024

Overallotment option:  The agents were granted an overallotment option exercisable on closing to purchase up to an additional 1,272,727 units. The overallotment option was exercised in full.

New listing -- warrants

Effective at the opening, Thursday, Oct. 27, 2022, the 9,757,575 warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as a mining company.

Corporate jurisdiction:  British Columbia

Capitalization:  9,757,575 warrants, authorized by a warrant indenture dated Oct. 24, 2022, of which 9,757,575 warrants are issued and outstanding

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  AVN.WT

Cusip No.:  05351P 11 6

Further to the short form prospectus dated Oct. 18, 2022, 9,757,575 warrants were issued. Each warrant is exercisable for one common share at an exercise price of 80 cents per share until Oct. 24, 2024.

For further information, please reference the company's short form prospectus dated Oct. 18, 2022, and news releases dated Oct. 7, 2022, Oct. 18, 2022, and Oct. 24, 2022.

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