Avanti Helium Corp. announced a non-brokered private placement of up to 2,222,222 units at a price of CAD 0.9 per unit for gross proceeds of CAD 2,000,000 on September 13, 2022. Each unit consists 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 1.2 per share for a period of one year from the date of issue.

Certain directors and officers of the company are expected to participate in the transaction. All securities issued are subject to a hold period expiring four months and one day from the date of issuance. The transaction is subject to the acceptance of the TSX Venture Exchange.