Avanti Helium Secures $500K in Private Financing

Avanti Energy (TSE:AVN) has released an update.

Avanti Helium Corp. has successfully completed a private placement financing round, raising $500,000 through the sale of 2 million units, with each unit comprising a common share and a share purchase warrant. The company’s CEO, Chris Bakker, was the sole subscriber, indicating a strong inside endorsement of the company’s prospects. Funds from this round are earmarked for the company’s project costs and general working capital.

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