Avant Brands to sell 45.75M units at 8.5c in private placement offering

Avant Brands announces its intention to conduct a non-brokered private placement to secure up to $3,888,888 million in gross proceeds. The Offering will consist of up to 45,751,623 units of the Company at a price of $0.085 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. The Offering is expected to close on or about April 30, 2024, or on such other date or dates as the Company may determine. Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.12 for a period of 36 months following the closing date of the Offering. The gross proceeds from the Offering will be primarily used for general working capital purposes. The Company anticipates receiving a lead order totalling $600,000 from an existing strategic investor, reflecting their ongoing support and belief in Avant’s strategic direction and potential for growth.