Avanti Helium Announces Open Call for Overnight Marketing Best Effort Units, The Canadian Business Journal

Calgary, Alberta, October 6, 2022 (GLOBE NEWSWIRE) — Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) announces that it has filed a preliminary expedited prospectus with the securities regulators of all Canadian provinces (except Quebec). increase. In connection with an overnight market best effort public offering (“Offer”) of units of the Company (“Units”) intended to generate approximately $5 million in gross revenue. Each unit consists of one share of our common stock (“Common Stock”) and one common stock purchase warrant (“Warrant”). The number of units to be distributed, the price of each unit and the exercise price of each warrant are subject to market conditions, with the final terms determined at the time of pricing.

The offering will be made on a “best effort” agency basis, subject to the terms of the agency agreement entered into between the Company and Raymond James Limited as lead agent and sole bookrunner on behalf of a syndicate of agents. be carried out. (collectively, “Agents”).

The Company grants the Agent the option to sell up to fifteen percent (15%) of additional units, common stock, warrants, or any combination thereof at the issue price (the “Over-allotment Option”). The total number of units sold in an offering to cover over-allotments, if any, and to stabilize the market. The over-allotment option may be exercised in whole or in part at the sole discretion of the Agent upon written notice to the Company at any time up to thirty (30) days after the Closing Date of the Offering.

Net proceeds from the public offering will be used by the Company to fund exploration drilling on its land and general corporate purposes. The offering is scheduled to end on or around October 24, 2022. Termination of the offering is subject to customary termination conditions, including without limitation receipt of all necessary approvals, including approvals from TSX Venture Exchange and securities regulators. authorities.

Units will be offered via simplified prospectus in all Canadian provinces (except Quebec) and on a private placement basis in the United States to a limited number of “accredited investors” subject to available exemptions from registration requirements will be Subject to the Securities Act of 1933, as amended, it will be issued on a private placement or equivalent basis outside of Canada and the United States.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and no sale of securities shall be made in the United States or any other jurisdiction where such offer, solicitation or sale would be unlawful. increase. These securities have not been registered under the United States Securities Act of 1933, as amended, and will be offered or sold in the United States unless registered or subject to an applicable exemption from the requirements for registration under that Act. I can not do it.

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. Please note that all forward-looking statements are inherently uncertain and our actual results may be affected by a number of important factors, many of which are beyond our control. 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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