Avanti Energy Inc. ANNOUNCES $5 MILLION "BOUGHT DEAL" FINANCING

About this update from Avanti Helium Corp.

[{"type":"text","content":"\n \n \n \n Avanti Energy Inc. ANNOUNCES $5 MILLION \"BOUGHT DEAL\" FINANCING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n CALGARY, AB\n \n ,\n \n Feb. 22, 2022\n \n /CNW/ - Avanti Energy Inc. (TSXV: AVN) (\"\n \n Avanti\n \n \") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and Beacon Securities Limited (the \"\n \n Underwriters\n \n \"), which have agreed to purchase, on a bought deal basis, 4,065,000 units (the \"\n \n Units\n \n \") of Avanti at a purchase price of\n \n $1.23\n \n per Unit (the \"\n \n Offering Price\n \n \"), for aggregate gross proceeds in the amount of approximately\n \n $4,999,950\n \n (the \"\n \n Offering\n \n \"). Each Unit will consist of one common share of Avanti (a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant (each full warrant, a \"\n \n Warrant\n \n \"), each full Warrant being exercisable to acquire one common share of Avanti at a purchase price of\n \n $1.60\n \n for a period of 24 months following the closing of the Offering.\n \n \n In addition, the Company has granted the Underwriters an option to purchase up to an additional 609,750 Units (representing 15% of the base Offering) at the Offering Price exercisable within 30 days after the closing of the Offering for additional gross proceeds in the amount of up to approximately\n \n $750,000\n \n .\n \n \n The Offering is scheduled to close on or about\n \n March 15, 2022\n \n and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.\n \n \n The net proceeds of the Offering will be used to fund exploration drilling on the Company's lands and for general corporate purposes.\n \n \n These securities offered hav...

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