Aventis Energy closes $1.5-million financing

Executive Summary

• Aventis Energy Inc. closed a non‑brokered private placement of 3,658,537 flow‑through shares at C$0.41 per share, generating gross proceeds of approximately C$1.5 million.
• Proceeds will be used to fund eligible Canadian exploration expenses on the company’s project portfolio (Corvo uranium and Sting copper).
• The transaction included cash finders’ fees of C$37,500 and issuance of 98,684 finders’ shares at C$0.38 per share; all securities are subject to a four‑month‑plus‑one‑day statutory hold period.

Key Details

• Placement Size: 3,658,537 flow‑through (FT) shares.
• Price per FT Share: C$0.41.
• Gross Proceeds: Approximately C$1,500,000.17.
• Use of Proceeds: Eligible Canadian exploration expenses for the Corvo uranium and Sting copper projects; expenditures will be renounced to subscribers effective 31 Dec 2025.
• Finders’ Compensation:
• Cash fees paid: C$37,500.
• Finders’ shares issued: 98,684 at C$0.38 per share.
• Hold Period: All securities issued are subject to a statutory hold period of four months and one day.
• Project Highlights (contextual):
• Corvo Uranium: Historical drill holes TL‑79‑3 (0.116 % U₃O₈ over 1.05 m) and TL‑79‑5 (0.065 % U₃O₈ over 0.15 m); surface high‑grade zones up to 5.98 % U₃O₈.
• Sting Copper: Recent intercept of 54.8 m @ 0.32 % Cu from 27.0 m depth; higher‑grade intervals include six samples (≥0.5 m) ranging 0.96–5.43 % Cu, with notable hits of 2.85 % Cu and 1.92 % Cu over 0.5 m, plus a broader 31.1 m @ 0.27 % Cu.

Notable Quotes

No executive quotes were provided in the release.