Avanti Helium Upsizes Equity Raise to C$5.5 Million

Avanti Helium announced a ~C$5 million equity raise, which was later increased to ~C$5.5 million. This will consist of one common share and one-half of one common share purchase warrant. The net proceeds will be used to fund further development of the its Greater Knappen helium exploration and development project and for general corporate purposes. This follows the recent highly positive well result from the WNG 10-21 well. This appears to be a high quality find that will add to North American helium production in the coming years.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now