08:52:31 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Avanti Helium Corp
Symbol AVN
Shares Issued 94,612,107
Close 2024-08-23 C$ 0.175
Market Cap C$ 16,557,119
Recent Sedar Documents

Avanti Helium arranges $500,000 financing with CEO

2024-08-26 09:10 ET - News Release

An anonymous director reports

AVANTI HELIUM ANNOUNCES PRIVATE PLACEMENT FINANCING OF $500,000

Avanti Helium Corp. has arranged a fully subscribed private placement financing of two million units of the company at a price of 25 cents per unit for gross proceeds of $500,000.

Each unit under the offering will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 30 cents per share for a period of one year from the date of issue.

Chris Bakker, chief executive officer and a director of the company, will be the sole subscriber under the offering. Such participation would be considered a related party transaction, as defined under Multilateral Instrument 61-101. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as it is less than 25 per cent of the market capitalization of the company.

The proceeds of the offering will be used for continuing costs associated with the company's projects and general working capital requirements. All securities issued under the offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.

The offering is subject to the acceptance 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 the advanced technology, medical and space exploration industries.

We seek Safe Harbor.

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