07:03:04 EDT Wed 29 Oct 2025
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Avventura Resources closes IPO, private placement

2025-08-25 19:44 ET - News Release

Mr. Anthony Balic reports

AVVENTURA RESOURCES COMPLETES INITIAL PUBLIC OFFERING, CONCURRENT NON-BROKERED PRIVATE PLACEMENT AND LISTING ON THE CANADIAN SECURITIES EXCHANGE

Avventura Resources Ltd., on Aug. 25, 2025, completed its initial public offering (IPO) of 6.06 million common shares in its capital, 60,000 of which were sold pursuant to an overallotment option, at a price of 10 cents per share, for gross proceeds of $606,000. Concurrently with the closing of the IPO, the company also closed a non-brokered private placement, consisting of 200,000 shares, at a price of 10 cents per share, for additional gross proceeds of $20,000. The net proceeds from the IPO and the concurrent financing are intended to be used for working capital and to carry out exploration of the company's Horwood property. The Horwood property comprises 296 mining claim cells, arranged into 45 multicell claims, which form two non-contiguous blocks, covering a total area of 68.36 square kilometres (km) after accommodating for overlaps with private patented claims located in Horwood and Silk townships in the Sudbury district of Ontario, approximately 90 kilometres southwest of Timmins in a straight line.

Pursuant to an agency agreement dated May 27, 2025, with the company, Research Capital Corp. acted as agent for the IPO. In consideration for the services provided by the agent, the company paid the agent a cash commission in the amount of $60,600 and a corporate finance fee of $32,000 plus GST. Additionally, the company granted the agent and its selling group an aggregate of 606,000 compensation warrants. Each compensation warrant entitles the holder thereof to purchase one share at a price of 10 cents per share, exercisable on or before Aug. 25, 2027.

In connection with the concurrent financing, the company paid the agent, who acted as a finder under the concurrent financing, a finder's fee consisting of $2,000 in cash and issued 20,000 non- transferable finder's warrants. Each finder's warrant entitles the holder thereof to purchase one share at a price of 10 cents per share until Aug. 25, 2027. All securities issued pursuant to the concurrent financing are subject to a four month and one day hold period in Canada expiring on Dec. 26, 2025.

The shares were listed on the Canadian Securities Exchange on Aug. 22, 2025, and immediately halted pending closing of the IPO, and are expected to resume trading on Aug. 26, 2025, under the symbol AA.

Access to the company's final long form prospectus dated May 27, 2025, and any amendment is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. The final prospectus is accessible on SEDAR+ and the shares issued in the IPO were offered pursuant to the final prospectus. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from the company by e-mail at abalic@katunicapital.com by providing the contact with an e-mail address or address, as applicable.

About Avventura Resources Ltd.

Avventura Resources is a Canadian company. The company is engaged in the acquisition and exploration of mineral properties. The company currently has options to acquire 100-per-cent undivided interests in the Horwood property and the Kabik Lake project. The Kabik Lake project comprises 58 mining claim cells located in the Patricia mining division in the province of Ontario.

We seek Safe Harbor.

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