Avanti Helium closed the first tranche of its private placement, issuing ~1.5mm units at C$0.60/unit, raising C$910k. Each unit comprises of one common share and one warrant, at C$0.70/share. Avanti plans to close the second tranche shortly, pending approval from the TSXV Exchange. The proceeds will support work on the Helium Recovery Plant in Montana and general working capital needs.
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