New warrant starts trading tomorrow.
AVANTI HELIUM CORP. ("AVN") ("AVN.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: October 25, 2022
TSX Venture Tier 2 Company
Effective October 19, 2022, the Company's Short Form Prospectus dated October 18, 2022 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia and the Ontario Securities Commissions. Under Multilateral Instrument 11-102 Passport System in Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing occurred on October 24, 2022, for gross proceeds of $6,440,000 (including full exercise of the Agents' Over-Allotment Option) (the "Offering").
Agents: Raymond James Ltd., Beacon Securities Limited, Cormark Securities Inc. and Haywood Securities Inc.
Offering: 9,757,575 units (including full exercise of the Agents' Over-Allotment Option). Each unit consists of one common share in the capital of the company and one common share purchase warrant.
Unit Price: $0.66 per unit
Warrant Exercise Price/Term: $0.80 per share to October 24, 2024
Agents' Warrants: 683,029 non-transferable warrants exercisable to purchase one share at $0.66 per share to October 24, 2024.
Over-allotment Option: The Agents were granted an over-allotment option exercisable on closing to purchase up to an additional 1,272,727 units. The over-allotment option was exercised in full.
New Listing - Warrants
Effective at the opening Thursday, October 27, 2022, the 9,757,575 warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Mining' company.
Corporate Jurisdiction: British Columbia
Capitalization: 9,757,575 warrants, authorized by a warrant indenture dated October 24, 2022, of which 9,757,575 warrants are issued and outstanding
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: AVN.WT
CUSIP Number: 05351P116
Further to the short form prospectus dated October 18, 2022, 9,757,575 warrants were issued. Each warrant is exercisable for one common share at an exercise price of $0.80 per share until October 24, 2024.
For further information, please reference the company's Short Form Prospectus dated October 18, 2022 and news releases dated October 7, 18 and 24, 2022 |
