On September 11, 2023, Avanti Helium Corp. closed the transaction. The company has issued 150,000 units at a price of CAD 0.60 per unit for gross proceeds of CAD 90,000 in its second tranche closing. The company has raised a total gross proceeds of CAD 1,000,219.80 in the transaction. In connection with the second tranche, the company paid and issued an aggregate of CAD 9,000 and 15,000 Share purchase warrants in finder's fees. Each Finder's Warrant is exercisable to acquire one share at an exercise price of CAD 0.70 per finder's warrant Share for a period of twelve months after the date of issuance. All securities issued pursuant to or in connection with the second tranche closing are subject to a statutory hold period expiring on January 12, 2024, in accordance with applicable securities laws and policies of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 21 placees, 1 existing insider for 417,000 units and 4 pro group for 255,500 units.