Avanti Helium announces closing of overnight marketed best efforts public offering of units
On February 6, 2023, Avanti Helium Corp. ("Avanti Helium") announced the closing of its previously announced overnight marketed best efforts public offering of units at a price of C$0.70 per unit, for aggregate gross proceeds of C$$6,324,965.
Each unit consists of one common share in the capital of Avanti Helium and one half of one transferable common share purchase warrant, which entitles the holder to purchase one common share at an exercise price of C$1.00 until February 6, 2025.
The offering was conducted on a "best efforts" agency basis by Raymond James Ltd. and Canaccord Genuity Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents which included Beacon Securities Limited and Cormark Securities Inc.
The net proceeds from the offering were used by Avanti Helium to fund development of the Greater Knappen Property and for general corporate purposes.
Further information can be found on Canada Newswire’s website.
Avanti is focused on the exploration, development, and production of helium across western Canada and the United States. The company’s professional oil and gas exploration and production team is actively targeting untapped potential helium reserves to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.