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AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $676,908
AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $676,908 Canada NewsWire ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $676,908\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 April 10, 2024\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to announce that, further to its press releases dated\n \n March 20, 2024\n \n and\n \n April 4, 2024\n \n , it has closed the first tranche (the \"First Tranche\") of its previously announced non-brokered private placement (the \"Offering\") of units (\"Units\") of the Company by issuing 1,692,269 Units at a price of\n \n $0.40\n \n per Unit for aggregate gross proceeds of\n \n $676,908\n \n . Each Unit is comprised of one (1) common share of the Company (a \"Share\") and one (1) Share purchase warrant (a \"Warrant\"), with each Warrant exercisable to acquire one (1) additional Share (a \"Warrant Share\") at an exercise price of\n \n $0.60\n \n per Warrant Share until\n \n April 9, 2025\n \n .\n \n \n In connection with the First Tranche, the Company paid and issued an aggregate of\n \n $31,380\n \n and 78,450 Share purchase warrants (\"Finder's Warrants\") in finder's fees. Each Finder's Warrant is exercisable to acquire one (1) Share (a \"Finder's Warrant Share\") at an exercise price of\n \n $0.60\n \n per Finder's Warrant Share until\n \n April 9, 2025\n \n .\n \n \n All securities issued under and in connection with the Offering are subject to a statutory hold period expiring on\n \n August 10, 2024\n \n , in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the \"Exchange\").\n \n \n The Company expects to close the second tranche (the \"Second Tranche\") of the Offering shortly. The Offering remains subject to all necessary approvals, including final acceptance by the Exchange.\n \n \n An insider of the Company (the \"Insider\") is expected to participate in the Second Tranche, and such participation would be considered to be a \"related party transaction\" as defined under Multilateral Ins...