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Avanti Plans to Raise C$5mm via Public Offering

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. Avanti's share price is down almost 40% over the last month. The company's focus is on drilling WNG 10-21 to further delineate the size of the WNG helium pool, drilling an additional exploration well in Greater Knappen, and completing FEED for the WNG 11-22 helium production facility.

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