Pioneer Southwest Energy Partners L P : AVANTI CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMEN...

Monday April 24, 2017

AVANTI CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia, April 24, 2017 - Avanti Energy Inc. (TSXV: AVN) ('Avanti' or the 'Company') is pleased to announce that effective April 24, 2017, the Company has closed the first tranche of the private placement announced April 4, and April 19, 2017.

Avanti has issued 6,650,000 Units at $0.07 per Unit for gross proceeds of $465,500. Each Unit is comprised of one common share and one share purchase warrant. Each warrant is exercisable into one common share at $0.15 per share until April 24, 2018. In connection with the closing of this tranche, the Company issued 21,000 Units and paid $1,470, collectively, as finder's fees.

All securities issued under the placement are subject to a four month hold period, in accordance with applicable securities regulations. The Company expects to close the final tranche of the private placement within ten days.

For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422.

'Karl Kottmeier'

President and Chief Executive Officer

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.

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