Avanti Energy (TSE:AVN) has released an update.
Avanti Helium Corp. successfully completed the final phase of its private placement, raising a total of $1.076 million by issuing over 2.6 million units, which include shares and warrants. The company’s CEO, Chris Bakker, has notably increased his investment by purchasing $300,000 worth of units, reflecting strong insider confidence. The funds raised are earmarked for the development of Avanti’s Helium Recovery Plant in Montana and for bolstering the company’s working capital.
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