Avanti Helium Announces Overnight Marketed Best Efforts Public Offering of Units

CALGARY, Alberta, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”), is pleased to announce that it has filed a preliminary short-form prospectus with the securities regulatory authorities in all provinces of Canada (except Québec) in connection with an overnight marketed best efforts public offering (the "Offering") of units of the Company (the "Units"), seeking to raise gross proceeds of approximately $5 million. Each Unit will be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). The number of Units to be distributed, the price of each Unit, and the exercise price of each Warrant will be determined in the context of the market with final terms to be determined at the time of pricing.

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