23:40:31 EDT Mon 30 Jun 2025
Enter Symbol
or Name
USA
CA



Avanti Helium Corp
Symbol AVN
Shares Issued 96,812,107
Close 2025-01-06 C$ 0.105
Market Cap C$ 10,165,271
Recent Sedar Documents

Avanti Helium increases private placement to $1.2M

2025-01-06 20:21 ET - News Release

An anonymous director reports

AVANTI HELIUM ANNOUNCES UPSIZE OF PRIVATE PLACEMENT FINANCING

Avanti Helium Corp. has increased the size of the previously announced non-brokered private placement financing of units of the company at a price of nine cents per unit. The size of the offering has been increased from 5,555,555 units to up to 13,363,333 units for aggregate gross proceeds of up to $1,202,700.

Each unit under the offering will consist of one common share of the company and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 15 cents per share for a period of three years from the date of issue.

Chris Bakker, the chief executive officer and a director of the company, will subscribe for 2,944,444 units for gross proceeds of $265,000, and such participation will be considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company expects to be exempt from the requirement to obtain a formal valuation and minority shareholder approval in connection with Mr. Bakker's participation in the offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that Mr. Bakker's participation in the offering is not expected to exceed 25 per cent of the fair market value of the company's market capitalization.

The net proceeds of the offering will be used for continuing costs associated with the company's projects and general working capital requirements.

The company may pay a finder's fee in cash and/or securities of the company in connection with the offering.

All securities issued under or in connection with 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 closing of the offering is expected to occur on or about Jan. 13, 2025, and 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 advanced technology, medical and space exploration industries.

We seek Safe Harbor.

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