Avanti Energy Announces Private Placement to Raise up to US$2,500,000
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2013) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is undertaking a non-brokered private placement to raise up to USD$2,500,000 via the issuance of up to 17,242,000 common shares of the Company at a price of US$0.145 per share.
The placement is anticipated to close in two or more tranches and is expected to be completed on or before November 10, 2013. The private placement is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the placement will be subject to a four month hold period which will expire four months from the date of closing. A finder’s fee may be paid in connection with the placement.
The proceeds from the placement will be used for general working capital purposes.
For more information please contact Karl Kottmeier, Director at (604) 678 8941. Please visit our website at www.avantienergy.com.
"John F. McIntyre"
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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES