Avanti Helium Announces Pricing for Public Offering of Overnight Marketing Best Effort Units, Canadian Business Journal

Calgary, Alberta, October 7, 2022 (GLOBE NEWSWIRE) — Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) may publish the previously announced prices and terms of its Overnight Market Best Effort Public Offering (the “Offering”) for its units; I am pleased to (“unit”). The offering will be conducted on a “best effort” agency basis and will issue 7,575,758 units at a price of $0.66 per unit for a total value of $5,000,000.

Each unit consists of one share of our common stock (“Common Shares”) and one transferable common stock purchase warrant (each a “Warrant”). Each warrant gives the holder the right to purchase one share of common stock at an exercise price of $0.80 for a period of 24 months from the date of issuance.

The offering is intended to be completed pursuant to the terms of an agency agreement entered into between the Company, the lead agent and sole bookrunner, Raymond James Ltd., and a syndicate of agents (collectively, the “Agents”). . includes Beacon Securities Limited and Cormark Securities Inc.

Agent may, at its sole discretion, offer additional sales of up to 15% of the total number of Units sold pursuant to the Offering, on the same terms as the Offering, for market stabilization purposes and to cover over-allotments. have the option to , exercisable in whole or in part within 30 days of the closing date of the offering (“Over-allotment Option”), up to approximately $750,000 in additional gross earnings. Over-allotment options may be in the form of units only, common stock only, warrants only, or any combination thereof.

The Company today filed with the securities regulators of each province of Canada (excluding Quebec) on October 6, 2022, and announced the offering. No units will be sold until the definitive expedited prospectus receipt is issued.

Closing of the offering is expected to occur on or around October 24, 2022, including, but not limited to, receipt of all regulatory approvals, including TSX Venture Exchange and securities regulatory approvals; Subject to some conditions. Proceeds from the sale of the units under the offering will be used by the Company to fund exploration drilling on its land and general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall any securities be sold in any jurisdiction where such offer, solicitation or sale would be unlawful. The securities in the offer have not been registered and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”). Accounts or interests of United States Persons (as defined in Regulation S under the U.S. Securities Laws), unless registered or exempt from the registration requirements of the U.S. Securities Law and applicable state securities laws.

About Avanti Helium

Avanti Helium focuses on helium exploration, development and production in Western Canada and the United States. Avanti’s expert oil and gas exploration and production team explores untapped Helium reserves are aggressively targeted. For more information, please visit our website www.avantihelium.com.

For corporate and shareholder inquiries, please contact:

Avanti Helium Corp.
PR for investors
Phone: 403-394-0409
Email: [email protected]
Website: www.avantihelium.com

Chris Bakker, CEO and Director
Direct: 403-384-0410
[email protected]

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements

The information contained in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. It does not guarantee future performance. We caution that all forward-looking statements are inherently uncertain and that our actual results may be affected by many important factors, many of which are beyond our control. I’m here. Such factors include, among other things, the risks and uncertainties associated with our limited operating history and the need to comply with environmental and government regulations. Accordingly, actual and future events, circumstances and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking information.

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