Avanti Helium has increased its previously announced equity raise to C$5.6mm from C$5mm due to increased demand. The proceeds raised are expected to be used primarily to fund exploration drilling. After cancelling a C$2mm placement announced on 13th September at C$0.90/unit it launched an offer to raise C$5mm, which priced at C$0.66/unit, which a 27% reduction in the offer price.
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