AVANTI CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Nov 23, 2017

Vancouver, British Columbia, November 23, 2017 – Avanti Energy Inc. (TSXV: AVN)
(“Avanti” or the “Company”)
is pleased to announce that effective today, the Company has
closed the first tranche of the private placement announced November 8, 2017.
Avanti has issued 5,400,000 Units at $0.10 per Unit for gross proceeds of $540,000. Each Unit is
comprised of one common share and one share purchase warrant. Each warrant is exercisable
into one common share at $0.12 per share until November 23, 2022. In accordance with the
terms of the Warrants, if the closing market price of the Common Shares of the Company on the
TSX Venture Exchange is greater than $0.30 per Common Share for a period of fifteen (15)
consecutive trading days after four months plus one day from the Closing Date (a “Trigger
Event”), then the Company may deliver a notice (the “Acceleration Notice”) to the holders of
Warrants notifying such Warrant holders that the Warrants must be exercised within thirty (30)
calendar days from the date of the Acceleration Notice, otherwise the Warrants will expire at
4:00 p.m. (Vancouver time) on the thirtieth (30th) calendar day after the date of the Acceleration
Notice.

All securities issued under the placement are subject to a four month hold period, in accordance
with applicable securities regulations. The Company expects to close the final tranche of the
private placement within eight days.
For more information regarding the Company please contact Kirk Gamley, corporate
communications, at 604-689- 7422.

 

 

 

“Karl Kottmeier”                                                                                                                                        

President, CEO          


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