Avanti Gold Announces Upsize of LIFE Private Placement to C$25 Million

Executive Summary

• Avanti Gold Corp. increased its private placement size to C$25 million, issuing up to 50 million units at C$0.50 per unit.
• The oversubscribed offering is led by SCP Resource Finance LP with a syndicate of book‑runners; closing expected around October 20, 2025.
• Net proceeds will fund expanded exploration (geophysics and drilling) at the Misisi Project and provide general working capital.

Key Details

• Offering Size: Increased from C$15 M to C$25 M.
• Units Offered: Up to 50,000,000 units at an issue price of C$0.50 per unit.
• Unit Composition: Each unit = 1 common share + ½ of a common share purchase warrant.
• Warrant Terms: Exercise price C$0.65; exercisable for 36 months from issuance; restricted from exercise for the first 61 days.
• Lead Agent & Syndicate: SCP Resource Finance LP (lead); Haywood Securities Inc., Canaccord Genuity Corp., and Raymond James Ltd. as joint book‑runners.
• Closing Date: On or about October 20, 2025 (subject to regulatory approvals).
• Use of Proceeds:
• Ground geophysics and expansion of drilling programs at the Misisi Project.
• General working capital for Avanti, including support for the Akyanga gold deposit (43‑101 Inferred Resource: 41 Mt @ 2.37 g/t Au = 3.1 Moz).
• Insider Participation: Chairman Sir Sam Jonah and other board members, management, strategics, institutional investors, and high‑net‑worth individuals are participating; related‑party transaction exempt from MI 61‑101 valuation/minority approval thresholds.
• Regulatory Framework: Offering relies on NI 45‑106 listed issuer financing exemption (excluding Québec); units expected to be freely tradeable in Canada; offshore/U.S. sales only under applicable exemptions.
• Finder’s Fees: May be paid as permitted by securities laws and CSE rules.

Notable Quotes

“The successful book close of this equity financing, particularly on a significantly oversubscribed basis, demonstrates the strong confidence in our vision and in the quality of our assets… With this strengthened financial position, we will be well equipped to advance our exploration activities and development programs across our flagship Misisi Project.” – Martin Pawlitschek, incoming CEO

Materiality: Material – Positive (significant capital raise expected to materially enhance Avanti’s exploration funding and shareholder value).