AVANTI CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Thursday May 4, 2017

AVANTI CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

 

 

Vancouver, British Columbia, May 4, 2017 Avanti Energy Inc. (TSXV: AVN) (“Avanti” or the “Company”) is pleased to announce that effective May 4, 2017, the Company has closed the final tranche of the private placement announced April 4, and April 19, 2017.

 

Avanti has issued 2,238,000 Units at $0.07 per Unit for gross proceeds of $156,660. Each Unit is comprised of one common share and one share purchase warrant.  Each warrant is exercisable into one common share at $0.15 per share until May 4, 2018.  In connection with the closing of this tranche, the Company paid $10,966.20 as finder’s fees.

 

All securities issued under the placement are subject to a four month hold period, in accordance with applicable securities regulations.  The proceeds of the private placement have been added to the Company’s working capital.

 

For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422. 

 

 

 

“Karl Kottmeier”                                                                                                                                       

President and Chief Executive Officer        

 

 

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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