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    AVN   CA0534981018

AVANTI ENERGY INC

(AVN)
End-of-day quote Toronto Stock Exchange  -  2018-12-10
0.0700 CAD   -22.22%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Avanti Closes Second Tranche of Non-Brokered Private Placement

03/14/2016 | 12:05pm EDT

Vancouver, British Columbia--(Newsfile Corp. - March 14, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that effective March 11, 2016, the Company has closed the second tranche of the private placement announced January 18, 2016.

In the second tranche, Avanti has issued 2,550,000 Units at $0.10 per Unit [US$0.07] for proceeds of $255,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant. Each whole warrant is exercisable into one common share at $0.15 per share until March 11, 2017. All securities issued under the placement are subject to a four month hold period, in accordance with applicable securities regulations. The Company expects to close a final tranche of the private placement within thirty days.

In connection with the second tranche, finder's fees of $2100 were paid.

For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422.

"Karl Kottmeier"
President and Chief Executive Officer       

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


© Newsfilecorp 2016
Stocks mentioned in the article
ChangeLast1st jan.
S&P/TSX COMPOSITE INDEX 2.59% 19370.99 Delayed Quote.-11.03%
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Managers and Directors
Chris Bakker Chief Executive Officer & Director
Robin Gamley President & Director
Brad Paterson Chief Financial Officer
Ali Esmail Vice President-Engineering
Michael Leo Independent Director
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