Avanti Helium Raises C$500k through a Private Placement
- Aug 26, 2024
- 3 min read
Avanti Helium completed a private placement of 2mm units at C$0.25/unit, raising C$500k. Each unit includes one share and a warrant to purchase an additional share at C$0.30/sh within one year. CEO Chris Bakker is the sole subscriber. The funds will be used to support the ongoing project costs and general working capital. Avanti also appointed Clark Schow, a seasoned legal expert with extensive energy sector experience, to its Board of Directors. Additionally, the company granted 150k stock options to directors and officers, exercisable at C$0.30 with a five-year term.
