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AVANTI HELIUM CLOSES PRIVATE PLACEMENT FINANCING OF $1.8 MILLION
AVANTI HELIUM CLOSES PRIVATE PLACEMENT FINANCING OF $1.8 MILLION Canada NewsWire ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM CLOSES PRIVATE PLACEMENT FINANCING OF $1.8 MILLION\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. 30, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to announce it has closed its previously announced non-brokered private placement (the \"Offering\") of units (\"Units\") of the Company by issuing 4,686,500 Units at a price of\n \n $0.40\n \n per Unit for aggregate gross proceeds of\n \n $1,874,600\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 entitling the holder to purchase one (1) additional Share (a \"Warrant Share\") at an exercise price of\n \n $0.60\n \n per Warrant Share until\n \n November 30, 2025\n \n .\n \n \n In connection with the Offering, the Company paid an aggregate of\n \n $129,822\n \n and issued an aggregate of 324,555 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 $0.40\n \n per Finder's Warrant Share until\n \n November 30, 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 March 31, 2024\n \n , in accordance with applicable securities laws and the policies of the TSX Venture Exchange.\n \n \n An insider of the Company (the \"Insider\") subscribed for a total of 50,000 Units for gross proceeds of\n \n $20,000\n \n . The issuance of 50,000 Units to the Insider is considered a related party transaction subject to Multilateral Instrument 61-101 –\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"MI 61-101\"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the particip...