AVANTI ANNOUNCES CONSOLIDATION OF SHARES

Monday October 23, 2017

Vancouver, British Columbia, October 23, 2017 Avanti Energy Inc. (TSXV: AVN) (“Avanti” or the “Company”) announces that the board of directors has resolved to consolidate the Company’s issued and outstanding common share capital on the basis of one (1) post-consolidation common share for each ten (10) pre-consolidation common shares.  No fractional shares will be issued and any fraction will be rounded down to the nearest whole number.

 

As a result, the outstanding shares of the company will be reduced to approximately 7,439,300.

 

The share consolidation is subject to  regulatory approval.  It is expected that the post-consolidation common shares will begin trading on a consolidated basis with a new CUSIP number once all approvals are affected.

 

For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422.  Please visit the Company’s website www.avantienergy.com for a full corporate profile.

 

 

 

“Karl Kottmeier”                                                                                                                                        

President, CEO          


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