Avanti Helium Corp. announced a private placement of 1,666,667 units at a price of CAD 0.60 per unit for the gross proceeds of CAD 1,000,000 on August 21, 2023. Each unit will consist of one common share and one share purchase warrant, , with each warrant entitling the holder to purchase one additional share at an exercise price of CAD 0.70 per share for a period of one year from the date of issue.

All securities issued under the offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance. The offering is subject to the acceptance of the TSX Venture Exchange.