Avanti Helium Corp. announced a non-brokered private placement of up to 3,000,000 units at a price of CAD 0.40 per unit for gross proceeds of up to CAD 1,200,000 on November 22, 2023. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of CAD 0.60 per share for a period of twenty-four months from the date of issuance.

All securities issued under the offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company may pay a finder's fee in cash and/or warrants under the offering. The closing of the offering is expected to occur on or before November 30, 2023, and is subject to receipt of all necessary approvals including the TSX Venture Exchange.