top of page

Avanti Energy Completes Bought Deal Financing of ~C$10 Million

Avanti Energy Inc has closed its bought deal public offering of 8.4mm units at a price of C$1.23/unit for aggregate gross proceeds of ~C$10 mm. Avanti intends to use the net proceeds to fund exploration drilling on the company's properties and for general corporate purposes. Avanti has been frequently raising new equity over the last year but its share price has been weak down 30% year to date and almost 50% over the last year.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

First Helium filed a preliminary prospectus for a marketed public offering of units at C$0.09/unit, aiming to raise ~C$5mm or C$4.3mm net of fees. Each unit comprises one share and one purchase warran

The company drilled, logged, and cased its first helium well in Southeast Alberta along the Manyberries Helium trend. Subsequently, an additional well was completed, leading to the option to lease mor

bottom of page