06:25 AM EST, 01/07/2025 (MT Newswires) -- Avanti Helium ( ARGYF ) late on Monday said it has increased the size of its non-brokered private placement financing of units from 5.6 million units to up to 13.4 million units for a total of as much as $1.2 million.

The offering is priced at $0.09 per unit, with each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one additional share for $0.15 per share for a three-year period starting on the date of issue.

Avanti CEO and director Chris Bakker will subscribe for 2.9 million units for proceeds of $265,000.

Net proceeds will be used for ongoing costs associated with the company's projects and general working capital requirements.

The offering is scheduled to close on Jan. 13 and is subject to the acceptance of the TSX Venture Exchange.