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AVANTI HELIUM ANNOUNCES THE PRICING OF OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS
AVANTI HELIUM ANNOUNCES THE PRICING OF OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM ANNOUNCES THE PRICING OF OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS\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. 3, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"\n \n Avanti\n \n \" or the \"\n \n Company\"\n \n ), is pleased to announce the pricing of the previously announced, on\n \n November 2, 2023\n \n , overnight marketed best efforts public offering (the \"\n \n Offering\n \n \") of units of the Company (\"\n \n Units\n \n \"). Pursuant to the Offering, which is being conducted on a \"best efforts\" agency basis, Avanti will issue 6,667,000 Units at a price of\n \n $0.45\n \n per Unit for aggregate gross proceeds of up to\n \n $3,000,150\n \n .\n \n \n Each Unit will consist of one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") and one half of one common share purchase warrant (each, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder to acquire one Common Share for 24 months from the closing of the Offering at an exercise price of\n \n $0.60\n \n .\n \n \n The Offering is being conducted on a best-efforts agency basis pursuant to the terms and conditions of an agency agreement to be entered into between the Company and Canaccord Genuity Corp. as lead agent and sole bookrunner on behalf of a syndicate of agents, which includes Beacon Securities Limited and Cormark Securities Inc.\n \n \n The Offering will be conducted pursuant to the Company's Canadian base shelf prospectus dated\n \n November 23, 2022\n \n (the \"\n \n Base Shelf Prospectus\n \n \"). A prospectus supplement (the \"\n \n Prospectus Supplement\n \n \") relating to the Offering will be filed in each of the provinces of\n \n Canada\n \n , except the Province of\n \n Quebec\n \n . Copies of the Prospectus Supplement and accompanying Base Shelf Prospectus will be available under the Company's profile on SEDAR at\n \n www.sedar.com\n \n .\n \n \n Closing of the Offering is expected to occur on or ab...