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Avanti Energy Increases Private Placement to $4,080,000
Avanti Energy Increases Private Placement to $4,080,000 Canada NewsWire ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Increases Private Placement to $4,080,000\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n July 2, 2021\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (US OTC PINK: ARGYF) (the \"Company\") is pleased to announce an increase to its previously announced non-brokered private placement (see news release dated\n \n June 29, 2021\n \n ) from 1,765,000 common shares (\"Shares\") to 2,400,000 shares at\n \n $1.70\n \n for gross proceeds of up to\n \n $4,080,000\n \n (the \"Financing\").  The increase is due to strong investor demand for the Financing.\n \n \n The securities issued under the Financing will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay finders a fee in cash and/or warrants under the Financing.\n \n \n The Company will use the proceeds of the Financing to complete all of its strategic land acquisitions and drill the initial three well program starting later this summer or early fall.\n \n \n \n About Avanti Energy\n \n \n \n Avanti Energy is focused on the exploration, development and production of helium across western\n \n Canada\n \n and\n \n the United States\n \n . Avanti's professional oil and gas exploration and production team is actively targeting untapped potential helium reserves to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries. For more information, please go to the Company's website at\n \n www.avantienergy.com\n \n .\n \n \n \n Forward-Looking Statements\n \n \n \n The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by...