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AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $910,000
AVANTI HELIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $910,000 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 $910,000\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. 31, 2023\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 news release dated\n \n August 21, 2023\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 1,517,033 Units (the \"Units\") at a price of\n \n $0.60\n \n per Unit for aggregate gross proceeds of\n \n $910,220\n \n .  Each Unit is comprised of one (1) common share (a \"Share\") of the Company and one (1) Share purchase warrant (a \"Warrant\").  Each Warrant shall entitle the holder to acquire one (1) additional Share (a \"Warrant Share\") at an exercise price of\n \n $0.70\n \n per Warrant Share for a period of twelve (12) months after the date of issuance.\n \n \n In connection with the First Tranche, the Company paid and issued an aggregate of\n \n $43,501\n \n and 72,501 Share purchase warrants in finder's fees (a \"Finder's Warrant\"). Each Finder's Warrant is exercisable to acquire one (1) Share (a \"Finder's Warrant Share\") at an exercise price of\n \n $0.70\n \n per Finder's Warrant Share for a period of twelve (12) months after the date of issuance.\n \n \n All securities issued pursuant to or in connection with the First Tranche closing are subject to a statutory hold period expiring on\n \n December 31, 2023\n \n , in accordance with applicable securities laws and policies of the TSX Venture Exchange (the \"Exchange\").\n \n \n The Company expects to close the second tranche of the Offering shortly. The Offering remains subject to final approval of the Exchange.\n \n \n A director and officer of the Company (the \"Insider\") participated in the First Tranche and purchased 417,000 Units for gross proceeds of\n \n $250,200\n \n .  Particip...