- Avanti Helium Corp. (AVN) has announced an overnight marketed public offering for gross proceeds of approximately $5 million
- The number of units to be offered and the price of each unit are to be determined
- The net proceeds will be used to fund further development of the company’s Greater Knappen helium exploration and development project
- The offering is expected to close on or about February 6, 2023
- Avanti Helium is focused on the exploration, development, and production of helium
- Avanti Helium Corp. (AVN) opened trading at C$0.75
Avanti Helium Corp. (AVN) has announced an overnight marketed public offering for gross proceeds of approximately $5 million.
The number of units to be distributed, the price of each unit, and the exercise price of each warrant are to be determined.
Each unit will consist of one common share and one-half of one common share purchase warrant.
The offering will be led by Raymond James Ltd. and Canaccord Genuity Corp. as joint bookrunners and co-lead agents on behalf of a syndicate of agents. The company will grant the agents an option to sell up to an additional 15 per cent of the units sold under the offering.
The net proceeds will be used to fund further development of the company’s Greater Knappen, Montana helium exploration and development project and for general corporate purposes.
The offering is expected to close on or about February 6, 2023, subject to customary closing conditions.
Closing of the offering is subject to certain conditions including the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
Avanti Helium is focused on the exploration, development, and production of helium across western Canada and the United States.
Avanti Helium Corp. (AVN) opened trading at C$0.75.