Northwire Canada EditionSaturday, August 29, 2026
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Financings

Avventura arranges $250,000 private placement

AA · Price

Executive Summary

  • Avventura Resources Ltd. announced a proposed non-brokered private placement of flow-through common shares priced at $0.10 per share, targeting gross proceeds of up to $250,000.
  • Proceeds will be allocated to eligible Canadian exploration expenses on the company's Horwood property in Ontario, with corresponding tax benefits renounced to investors effective December 31, 2025.
  • The offering is expected to close by December 30, 2025, pending regulatory approvals, and carries a standard statutory hold period with no finders' fees involved.

Key Details

  • Structure: Non-brokered private placement of flow-through common shares under Subsection 66(15) of the Income Tax Act (Canada).
  • Price: $0.10 per share.
  • Gross Proceeds: Up to $250,000.
  • Use of Proceeds: Funding eligible Canadian exploration expenses qualifying as flow-through mining expenditures.
  • Project/Location: Horwood property, Ontario.
  • Tax Renunciation: Exploration expenses will be renounced to subscribers effective December 31, 2025, in compliance with Canadian tax legislation.
  • Closing Timeline: On or before December 30, 2025, subject to all necessary regulatory approvals, including the Canadian Securities Exchange.
  • Hold Period: Statutory four-month-and-one-day hold period per Canadian securities laws.
  • Finders' Fees: None payable in connection with the offering.
Read the original news release →

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