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Avanti Energy closes final tranche of private placement

Last updated: 14:54 05 May 2017 BST, First published: 09:54 05 May 2017 BST

Canadian dollars
The units were placed at seven cents a pop

Avanti Energy Inc (CVE:AVN) has closed the final tranche of the private placement announced last month.

READ Avanti Energy brings in $465,500 via private placing

Avanti issued 2.24mln units at seven cents per unit for gross proceeds of C$156,660.

Each unit comprises one common share and one share purchase warrant. Each warrant is exercisable into one common share at 15 cents per share until May 4, 2018.

In connection with the closing of this tranche, the company paid C$10,966 as finders' fees.