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AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT OF UP TO $1.2 MILLION AND PROVIDES CORPORATE UPDATE
AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT OF UP TO $1.2 MILLION AND PROVIDES COR...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT OF UP TO $1.2 MILLION AND PROVIDES CORPORATE UPDATE\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 Nov. 22, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to announce a fully subscribed non-brokered private placement of up to 3,000,000 units (each a \"Unit\") at a price of\n \n $0.40\n \n per Unit, for total proceeds of up to\n \n $1,200,000\n \n (the \"Offering).\n \n \n Each Unit under the Offering will consist 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 $0.60\n \n per share for a period of twenty-four (24) months from the date of issuance.\n \n \n All securities issued under the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The Company may pay a finder's fee in cash and/or warrants under 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.\n \n \n The closing of the Offering is expected to occur on or before\n \n November 30, 2023\n \n and is subject to receipt of all necessary approvals including the TSX Venture Exchange.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within\n \n the United States\n \n or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\n \n \n \n Corporate Update\n \n \n ...