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AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,000,000
AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,000,000 ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,000,000\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 \n CALGARY, AB\n \n \n ,\n \n \n Aug. 21, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to confirm that its non-brokered private placement (the \"Offering\") of units (the \"Units\") of the Company at a price of\n \n $0.60\n \n per Unit, for gross proceeds of up to\n \n $1,000,000\n \n is fully subscribed.\n \n \n Each Unit will be comprised of one common share and one share purchase warrant (each a \"Warrant\"), with each Warrant entitling the holder to purchase one additional share at a price of\n \n $0.70\n \n per share for a period of one year from the date of issue.\n \n \n The Offering is expected to close in the week of\n \n August 28\n \n , 2023.  The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange.  Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering.\n \n \n The proceeds of the Offering will be used for various work related to the Company's Helium Recovery Plant located on the Sweetgrass Pool in\n \n Montana\n \n , and for general working capital.  All securities issued under the Offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.\n \n \n Following the announcement of the agreement for third party construction and ownership of the helium recovery unit (HRU) to produce the\n \n Sweetgrass\n \n discovery (please see press release dated\n \n July 27, 2023\n \n ), Avanti Helium Corp. is now able to aggressively move forward to achieve its commercial production.\n \n \n The HRU solution also moves forward Avanti's discussions for non...