Avanti Helium Completes First Tranche of Private Placement

Apr 10, 2024
3 min read

Avanti Helium successfully closed the first tranche of its C$1.1mm upsized private placement, raising C$0.68mm by issuing ~1.7mm units at C$0.40/unit. Each unit comprises of a share and a warrant with a strike of C$0.60 until Apr'25. In addition, finder's fees were paid in cash and warrants. The proceeds will be used for the development of the Avanti's Helium Recovery Plant in Montana and for general working capital, with the anticipation of a second tranche closing shortly.

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