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AVANTI HELIUM CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
AVANTI HELIUM CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT Canada NewsWire CA...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT\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 Sept. 11, 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 it has closed the second tranche (the \"Second Tranche\") of its non-brokered private placement (the \"Offering\").  The Company issued 150,000 units (the \"Units\") at a price of\n \n $0.60\n \n per Unit for gross proceeds of\n \n $90,000\n \n .  Together with the first tranche closing on\n \n August 31, 2023\n \n , the Company has raised a gross total of\n \n $1,000,219.80\n \n under the Offering, which is now closed.\n \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 Second Tranche, the Company paid and issued an aggregate of\n \n $9,000\n \n and 15,000 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 Second Tranche closing are subject to a statutory hold period expiring on\n \n January 12, 2024\n \n , in accordance with applicable securities laws and policies of the TSX Venture Exchange (the \"Exchange\").\n \n \n The net proceeds of the Offering will be used for various work related to the Company's Helium Recovery Plant located on the Sweetgrass Pool in\n \n Montana\n \n and for general working capital purposes.\n \n \n Following the Company's announcement of the agreement for thi...