Avanti Energy announces private placement financing
VANCOUVER, BC, March 8, 2021 / CNW / – Avanti Energy Inc. (TSXV: AVN) (the “Company”) is pleased to announce a non-brokered private placement financing of up to 5,000,000 common shares (“Shares”) at a price of $ 1.00 per common share for gross proceeds of up to $ 5,000,000 (the “Offer”).
The securities issued under the Offer will be subject to resale restrictions for a period of four months from the date of issue. The Company may pay the intermediaries a commission in cash and / or in warrants within the framework of the Offer.
The proceeds of the placement will be used for general working capital purposes as well as for the review and acquisition of projects.
About Avanti Énergie
Avanti Energy aims to unlock helium reserves in the west Canada and United States to help meet the growing global demand for an irreplaceable and scarce element essential to advanced technology and the medical industry.
The information contained in this press release contains forward-looking statements based on assumptions as of the date of this press release. These statements reflect the current estimates, beliefs, intentions and expectations of management. 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 important factors, many of which are beyond the control of the Company. These factors include, but are not limited to: risks and uncertainties associated with the Company’s limited operating history and the need to comply with environmental and government regulations. Therefore, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Unless required by applicable securities legislation, the Company assumes no obligation to publicly update or revise forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Avanti Energy Inc.
For further information: Rob Gamley, President and CEO, Phone: 604-689-7422, Email: [email protected], Avanti Energy Inc.