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AVANTI HELIUM CLOSES PREVIOUSLY ANNOUNCED DEBT SETTLEMENT
AVANTI HELIUM CLOSES PREVIOUSLY ANNOUNCED DEBT SETTLEMENT Canada NewsWire C...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n\n\n\n AVANTI HELIUM CLOSES PREVIOUSLY ANNOUNCED DEBT SETTLEMENT\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 July 30, 2024\n \n\n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to announce, further to its news release dated\n \n May 15, 2024\n \n , that it has issued 1,397,683 common shares of the Company (\"Common Shares\") at a deemed price of\n \n $0.295\n \n per Common Share to certain of its creditors (the \"Creditors\") to settle total outstanding indebtedness (the \"Indebtedness\") of\n \n $412,316\n \n (the \"Debt Settlement\"). The Indebtedness consists of trade payables owed by the Company to the Creditors. All of the Creditors are at arm's-length to the Company.\n \n\n All Common Shares issued pursuant to the Debt Settlement are subject to a statutory hold period expiring on\n \n December 1, 2024\n \n , in accordance with applicable securities laws and the policies of the TSX Venture Exchange.\n \n\n\n About Avanti Helium Corp.\n \n\n\n Avanti is focused on the exploration, development, and production of helium across western\n \n Canada\n \n and\n \n the United States\n \n . Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries. For more information, please go to the Company's website at\n \n www.avantihelium.com\n \n .\n \n\n\n Forward-Looking Statements\n \n\n\n\n The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, man...