An anonymous director reports
AVANTI HELIUM CLOSES PREVIOUSLY ANNOUNCED DEBT SETTLEMENT
Avanti Helium Corp., further to its news release dated May 15, 2024, has issued 1,397,683 common shares of the company at a deemed price of 29.5 cents per common share to certain of its creditors to settle total outstanding indebtedness of $412,316. The indebtedness consists of trade payables owed by the company to the creditors. All of the creditors are at arm's-length to the company.
All common shares issued pursuant to the debt settlement are subject to a statutory hold period expiring on Dec. 1, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
About Avanti Helium Corp.
Avanti is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.
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