Avanti Energy (TSE:AVN) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Avanti Helium Corp. successfully completed the final phase of its private placement, raising a total of $1.076 million by issuing over 2.6 million units, which include shares and warrants. The company’s CEO, Chris Bakker, has notably increased his investment by purchasing $300,000 worth of units, reflecting strong insider confidence. The funds raised are earmarked for the development of Avanti’s Helium Recovery Plant in Montana and for bolstering the company’s working capital.
For further insights into TSE:AVN stock, check out TipRanks’ Stock Analysis page.