19:12:19 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Avanti Helium Corp
Symbol AVN
Shares Issued 85,835,655
Close 2023-12-05 C$ 0.40
Market Cap C$ 34,334,262
Recent Sedar Documents

Avanti Helium 4,686,500-share private placement

2023-12-05 19:24 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 22, 2023, and Nov. 28, 2023.

Number of shares:  4,686,500 shares

Purchase price:  40 cents per share

Warrants:  4,686,500 share purchase warrants to purchase 4,686,500 shares

Warrant exercise price:  60 cents for a two-year period

Number of placees:  48 placees

Total existing insider involvement:  50,000 (one insider)

Total pro group involvement:  900,000 (four pro groups)

Finder's fee:  $129,822 cash and 324,555 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 40 cents for a period of two years from the date of issuance.

The company issued a news release on Nov. 30, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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