Avanti Energy Closes Non-Brokered Private Placement

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[{"type":"text","content":"Avanti Energy Closes Non-Brokered Private Placement(via Thenewswire.ca)\n\n \nVancouver, British Columbia / TNW-Accesswire / March 4, 2014 / Avanti Energy Inc. (TSX Venture: AVN) (the \"Company\") is pleased to report that further to the news releases dated January 14 and February 24, 2014 it has closed a non-brokered private placement effective March 3, 2014. The Company issued 7,430,578 common shares at $0.16 (US$0.145) for proceeds of $1,188,892.\n\n \n \nThe proceeds from the private placement will be added to the Company's working capital. Shares acquired by the placees, are subject to a hold period of four months plus one day from the date of closing of the private placement in accordance with applicable Canadian securities legislation.\n\n \n \nAt closing, the Company paid Finder's Fees of C$28,639 and U$870 in cash and issued 145,991 warrants each exercisable into one common shares at $0.16 for a term of two years from the date of issuance.\n\n\n \n\n\n\n \nFor more information please contact Douglas Ford, CFO at (604) 973-2200. Please visit our website at www.avantienergy.com. \n\n\n \n\"John F. McIntyre\" \n\n\n \nPresident, CEO \n\n \n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.\n\n \n \nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES\n\n\n \nOR FOR DISSEMINATION IN THE UNITED STATES\n\n\n Copyright (c) 2014 TheNewswire - All rights reserved.","length":2720,"tagName":"div"}]

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