Avanti Gold Announces Closing of C$25 Million LIFE Private Placement

Executive Summary

• Avanti Gold Corp. closed a private placement of 50 million units at C$0.50 per unit, raising C$25 million in gross proceeds.
• Units consist of one common share and half of a common‑share purchase warrant (exercise price C$0.65, exercisable for 36 months; restriction on exercise expires 61 days after issuance).
• Net proceeds will fund the 2026 exploration program at the Misisi Gold Project in the DRC, including geophysics, drilling, working capital and general corporate purposes.

Key Details

• Offering Size & Price: 50,000,000 units @ C$0.50 per unit = C$25,000,000 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (each full warrant allows purchase of one share at C$0.65).
• Warrant Terms: Exercise price C$0.65; exercisable for 36 months from issuance; restriction on exercise expires 61 days after issuance.
• Lead Agent & Syndicate: Lead agent/sole bookrunner – SCP Resource Finance LP; syndicate includes Haywood Securities Inc., Canaccord Genuity Corp., Raymond James Ltd.
• Use of Proceeds:
• Advancement of exploration at Misisi Gold Project (ground geophysics, drilling programs).
• Working capital and general corporate purposes.
• Project Context: Misisi hosts a NI 43‑101 inferred resource of 41 Mt @ 2.37 g/t Au = 3.1 Moz gold; includes Akyanga deposit (3.1 Moz inferred) and multiple target zones along the 55‑km Kibara Gold Belt.
• Management Comments: Incoming CEO Martin Pawlitschek highlighted strong investor interest and the financing’s role in supporting a “cornerstone” African asset and the 2026 exploration program.
• Insider Participation: Interim CEO Swapan Kakumanu, board members, management, strategics, institutional investors, and high‑net‑worth individuals participated; transactions qualify as related‑party but are exempt from valuation/minority approval thresholds (<25 % of market cap).
• Regulatory Framework: Offering relied on the listed issuer financing exemption under NI 45‑106 (Part 5A) for Canadian residents (excluding Québec) and applicable U.S. securities exemptions for offshore purchasers. Units issued to Canadian investors are expected to be freely tradeable immediately.

Notable Quotes

“I am pleased to see strong investor interest in our upsized LIFE offering which will provide us with the means to continue exploration efforts at the Misisi Gold Project, which has the potential to become a cornerstone asset in Africa.” – Martin Pawlitschek, incoming CEO

Materiality Assessment: Material – Positive (significant financing that materially enhances the company’s ability to fund its flagship exploration project).