Northwire Canada EditionSaturday, August 8, 2026
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Financings

Avventura Resources Ltd. Announces Proposed Flow-Through Financing

AA · Price

Executive Summary

  • Avventura Resources Ltd. announced a non‑brokered private placement of flow‑through common shares at $0.10 per share, targeting gross proceeds of up to $250,000.
  • Proceeds will be used to fund eligible Canadian exploration expenses on the Horwood Property in Ontario, supporting geological, geochemical and other exploration programs.
  • The offering is expected to close on or before December 30, 2025, subject to regulatory approvals, with a statutory four‑month plus one‑day hold period on the issued securities.

Key Details

  • Offering Size & Price: Up to $250,000 in flow‑through common shares at $0.10 per share.
  • Structure: Non‑brokered private placement; no finder’s fees or bonuses payable.
  • Use of Proceeds: To incur eligible Canadian exploration expenses (CEE) on the Horwood Property, including geological mapping, geochemical sampling, and other exploration activities.
  • Tax Treatment: Shares issued as “flow‑through shares” under subsection 66(15) of the Income Tax Act (Canada); proceeds will be renounced to subscribers effective December 31, 2025.
  • Closing Timeline: Anticipated closing on or before 30 December 2025, subject to receipt of all required regulatory approvals, including CSE approval.
  • Holding Period: All securities issued will be subject to a statutory four‑month and one‑day hold period under Canadian securities law.
  • Contact: Sean Flynn – Chief Executive Officer (Tel: 250‑857‑2237; Email: [email protected])

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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