04:46 PM EDT, 03/20/2024 (MT Newswires) -- Avanti Helium Corp. ( ARGYF ) announced Wednesday a non-brokered private placement financing of up to 1.25 million units at a price of $0.40 per unit, for total proceeds of up to $500,000.

Each unit under the offering will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of $0.60 per share for a period of one year from the date of issue. The company may pay a finder's fee in cash and/or warrants under the offering.

The proceeds of the offering will be used for various work related to the company's Helium Recovery Plant located on the Sweetgrass Pool in Montana, and for general working capital.

Price: 0.395, Change: -0.0050, Percent Change: -1.2500