Avanti Gold Announces LIFE Private Placement for Gross Proceeds of C$15 Million

Executive Summary

• Avanti Gold Corp. announced a private placement offering of up to 30 million Units for gross proceeds of up to C$15 million at $0.50 per Unit.
• Each Unit consists of one common share and half of a common‑share purchase warrant (exercise price $0.65, 36‑month term); agents may receive an additional option for up to 15% more Units.
• Net proceeds are earmarked for exploration at the Misisi Project in DRC and for general corporate and working‑capital purposes.

Key Details

• Offering Size: Up to C$15 million gross proceeds.
• Units Offered: Up to 30,000,000 Units at $0.50 per Unit.
• Unit Composition: 1 common share + ½ common share purchase warrant (full warrant gives right to buy one share at $0.65).
• Warrant Terms: Exercise price $0.65; exercisable for 36 months from issuance date.
• Agents’ Option: Up to an additional 15% of the offered Units, exercisable up to three business days before the earliest Closing Date.
• Agent Compensation: Cash commission up to 5.0% of gross proceeds plus broker warrants up to 5.0% of total Units (exercisable at $0.50 for 18 months).
• Use of Proceeds: Exploration activities at the Misisi Project and general corporate/working‑capital purposes.
• Closing Date: Expected on or about October 20, 2025 (subject to change).
• Regulatory Framework: Offered under NI 45‑106 listed issuer financing exemption; not offered in Québec; may be sold offshore and in the U.S. under applicable exemptions.
• Insider Participation: Chairman Sir Sam Jonah and other board members, management, and strategic investors expected to participate as “Insiders” (related‑party transactions exempt from MI 61‑101 valuation/minority approval).

Notable Quotes

(No direct quotes were provided in the release.)