Avanti Announces Private Placement to Raise up to $500,000
AGM date for May 31Vancouver, British Columbia--(Newsfile Corp. - April 4, 2017) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") has arranged a non-brokered private placement of units to raise up to $500,000. Proceeds of the offering will be used for general working capital purposes.The private placement Offering will be by way of a subscription agreement of up to 7,145,000 units $0.07 per unit ("Units"). Each Unit shall consist of one common share and one common...
2017-04-04 1:17 PM EDT
Avanti Energy Provides Colle Santo Project Progress Report
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company"), is pleased to provide a progress report on the Colle Santo gas field development permitting process. The Company's application with the Ministry of Industry to convert the Colle Santo exploration permit into a production concession license was submitted on April 18, 2016, followed by a full Environmental Impact Assessment ("EIA") study submitted to the Ministry of...
2016-10-19 9:24 AM EDT
Avanti Completes $500,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company"), is pleased to announce that it has closed the non-brokered private placement announced August 12, 2016 for gross proceeds of $500,000. The Company issued secured, convertible, redeemable debentures in the principal amount of $500,000 (the "Debentures"). The Debentures will mature June 30, 2019, carry an interest rate of eight percent (8%) per annum — payable...
2016-09-15 4:05 PM EDT
Avanti Arranges Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company"), is pleased to announce that it has arranged a non-brokered private placement of convertible, redeemable debentures in the principal amount of up to $500,000 (the "Debentures"). Closing of the private placement is expected to take place in tranches commencing later in August 2016.The Debentures will mature June 30, 2019, carry an interest rate of eight percent (8%) per...
2016-08-12 10:27 AM EDT
IIROC Trade Halt - Alloycorp Mining Inc.
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2016) - The following issues have been halted by IIROC: Company:
2016-08-09 8:17 AM EDT
Avanti Submits Environmental Impact Study for Colle Santo Gas Project
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that Avanti Energy Inc.'s Italian subsidiary, CMI Energia SpA (CMI) has completed its environmental impact study for the Colle Santo block in Central Italy, and has now formally submitted the study to the Ministry of Environment for review and approval.CMI managing director Mark Frascogna, stated "We are very pleased with the work that our team of...
2016-06-27 10:52 AM EDT
Avanti Files Updated Reserve and Economic Evaluation on the Colle Santo Gas Concession
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") announced today that it has filed an updated Reserve and Economic Evaluation - Gas Property on the Colle Santo Gas Concession in Abruzzo, Italy. Avanti through its wholly-owned subsidiary, CMI Energia S.p.A., is the Operator of the project and has a net 33.3% interest in the concession.The evaluation has been carried out in accordance with standards set out in the...
2016-04-26 2:00 AM EDT
Avanti's Subsidiary CMI Submits Colle Santo Development Permit Application
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that its Italian subsidiary CMI Energia S.p.A ("CMI") has submitted its development plan to the Ministry of Economic Development for the Company's Colle Santo block in onshore Central Italy.CMI's Managing Director, Mark Frascogna commented: "The formal submission of the development plan for Colle Santo represents a significant milestone in the...
2016-04-19 11:43 AM EDT
Avanti Closes Second Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that effective March 11, 2016, the Company has closed the second tranche of the private placement announced January 18, 2016.In the second tranche, Avanti has issued 2,550,000 Units at $0.10 per Unit [US$0.07] for proceeds of $255,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant. Each whole...
2016-03-14 1:00 PM EDT
Avanti Closes First Tranche of Non-brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that effective February 4, 2016, the Company has closed the first tranche of the private placement announced January 18, 2016.Avanti has issued 1,350,000 Units at $0.10 per Unit [US$0.07] for proceeds of $135,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant. Each whole warrant is exercisable...
2016-02-04 3:00 PM EST
Avanti Energy Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to provide shareholders with a general corporate update. Management and BoardThe Company is pleased to announce that Mr. John McIntyre has accepted the position of Chairman of the Board of Director. John has served the Company well as President and CEO and will continue his involvement with the Company in the new role of Chairman. John commented, "The gas...
2016-01-21 9:00 AM EST
Avanti Energy Announces Private Placement to Raise up to $500,000
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2016) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is undertaking a non-brokered private placement to raise up to $500,000 through the issuance of up to 5,000,000 Units of the Company at a price of CDN $0.10 or US$0.07 per Unit. Each Unit will consist of one common share and one half of one common share purchase warrant (a "Warrant"). Each such Warrant will entitle the holder to purchase one...
2016-01-18 4:51 PM EST
Avanti Completes 2015 AGM
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that the Company has successfully completed its 2015 Annual General Meeting, held December 21, 2015, in Vancouver, BC.At the meeting, shareholders voted to adjust the size of the Board of Directors from eight members to seven. Subsequent to that decision, a motion was made to nominate an additional director candidate, Mr. David Leishman, a...
2015-12-22 4:46 PM EST
Avanti's Subsidiary Signs Long Term Gas Sales Agreement with Shell Energy Europe
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that its Italian subsidiary CMI Energia S.p.A ("CMI") has signed a long term gas sales agreement with Shell Energy Europe Limited ("Shell") for its future gas production in Italy.Shell Energy Europe is a major integrated marketing and trading company, supplying energy across Europe. Shell provides businesses with advanced and high value...
2015-12-10 6:00 AM EST
Avanti Appoints Mr. Phillip Gennarelli to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - July 27, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce the appointment of Mr. Phillip Gennarelli of Austin, Texas to the Board of Directors.Mr. Gennarelli has over thirty years of senior management experience in sales, marketing and business development positions in the energy sector. He is currently President and CEO of Cavallo Energy LLC, a Houston, Texas based energy infrastructure company. Formed in...
2015-07-27 8:00 AM EDT
Avanti Energy - Colle Santo Gas Project Update
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that its Italian subsidiary CMI Energia S.p.A ("CMI") has assembled a world class technical and administrative team ideally suited to completing the development and permitting process for the recently acquired Colle Santo gas project.Located in the Abruzzo region of central Italy, the Colle Santo project is the largest undeveloped onshore gas field...
2015-07-15 8:00 AM EDT
Avanti Completes CMI Acquisition
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that it has completed the acquisition of CMI Energia SpA ("CMI") (the "Acquisition") as detailed in Avanti's April 1, 2015 press release. The Company acquired CMI from Dove Energy B.V. ("Dove") for a cash payment of US$1.53 million and 12,970,000 common shares of Avanti valued at $0.30 per share. Mr. Mario Panebianco of Dove has been appointed...
2015-04-16 9:15 AM EDT
Avanti Amends and Finances CMI Acquisition
Vancouver, British Columbia,--(Newsfile Corp. - April 1, 2015) - Avanti Energy Inc. (TSXV: AVN) ("Avanti" or the "Company") is pleased to announce that it has amended the terms of the purchase and sale agreement ("PSA") with Dove Energy B.V. ("Dove") for the purchase of CMI Energia SpA ("CMI") (the "Acquisition") as announced January 6, 2015. The revised terms have facilitated Avanti's leveraging of the CMI assets to finance the acquisition and to secure a carried interest through the...
2015-04-01 9:00 AM EDT
Avanti to Alter Articles to Include Advance Notice Provision
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2015) - Avanti Energy Inc. (TSXV: AVN) (“the Company”) announces that at the Company’s recent annual and special general meeting (the “Meeting”) held on December 22, 2014, the shareholders were asked to consider and approve a resolution to amend the Company’s Articles to include advance notice provisions relating to the nomination of individuals for election of directors. The purpose of the Advance Notice Provision is to provide...
2015-02-02 4:23 PM EST
Avanti Signs MOU with Tecnoparco
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2015) - Avanti Energy Inc. (TSXV: AVN) ("the Company") is pleased to announce that it has signed a memorandum of understanding ("MOU") with Tecnoparco Valbasento SpA ("Tecnoparco") for the purpose of evaluating opportunities in the Basilicata Region of Italy. Tecnoparco is the only Basilicata-based industrial utility with a long track record of operations in the Region, with substantial operations in Pisticci, where it provides over...
2015-01-14 9:00 AM EST