Business
Avanti Gold Announces Upsize of LIFE Private Placement to C$25 Million
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Avanti Gold Corp. (CSE: AGC) (FSE: X370) ("Avanti" or the "Company") is pleased to announce that the Company has increased the size of its previously announced private placement as announced on September 30 2025, from C$15,000,000 to C$25,000,000 and that the oversubscribed book is now closed. The offering is being led by SCP Resource Finance LP ("SCP" or "Lead Agent") and a syndicate of joint book-runners including Haywood...
About this update from Avanti Gold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Avanti Gold Corp. (CSE: AGC) (FSE: X370) ("Avanti" or the "Company") is pleased to announce that the Company has increased the size of its previously announced private placement as announced on September 30 2025, from C$15,000,000 to C$25,000,000 and that the oversubscribed book is now closed.","length":380,"tagName":"p"},{"type":"text","content":"The offering is being led by SCP Resource Finance LP ("SCP" or "Lead Agent") and a syndicate of joint book-runners including Haywood Securities Inc., Canaccord Genuity Corp., and Raymond James Ltd. (hereinafter referred to collectively as the "Agents" or the "Syndicate"), to act, on behalf of Avanti, in connection with a "commercially reasonable efforts" private placement offering for gross proceeds of up to C$25,000,000 (the "Offering").","length":502,"tagName":"p"},{"type":"text","content":"The Offering will consist of up to 50,000,000 units of the Company (each, a "Unit") at a price of C$0.50 per Unit (the "Issue Price"), subject to all necessary regulatory approvals. The Units shall also be referred to as the "Offered Securities".","length":276,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (a "Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.65 for a period of 36-months from the date of issuance thereof. The Warrants issued pursuant to the Offering will be subject to a restriction on exercise expiring 61 days from the date of issuance.","length":489,"tagName":"p"},{"type":"text","content":"Martin Pawlitschek, incoming Chief Executive Officer of the Company states, "The successful book close of this equity financing, particularly on a significantly oversubscribed basis, demonstrates the strong confidence in our vision and in the quality of our assets. With this strengthened financial position, we will be well equipped to advance our exploration activities and development programs across our flagship Misisi Project. I look forward to working alongside our strong team to unlock...