Aventis Energy closes $1M second tranche of placement

Executive Summary

• Aventis Energy Inc. closed the second tranche of its non‑brokered flow‑through private placement, issuing 2,453,660 FT shares at C$0.41 per share for gross proceeds of C$1,006,000.60.
• Proceeds will be used to fund eligible Canadian exploration expenses on Aventis’s project portfolio (Corvo uranium and Sting copper projects).
• The closing also involved a cash payment of C$60,360.04 and the issuance of 147,219 finders’ warrants (exercise price C$0.41 per share, 24‑month term). All securities are subject to a statutory hold period of four months and one day.

Key Details

• Tranche Size: 2,453,660 flow‑through shares
• Price per FT Share: C$0.41
• Gross Proceeds (second tranche): C$1,006,000.60
• Use of Proceeds: Eligible Canadian exploration expenses that qualify as flow‑through mining expenditures for the Corvo uranium and Sting copper projects; renounced to subscribers effective Dec. 31 2025.
• Cash Finder’s Fee Paid: C$60,360.04
• Finders’ Warrants Issued: 147,219 warrants, each convertible into one common share at C$0.41 per share for 24 months from issuance.
• Statutory Hold Period: Four months and one day on all securities issued in this offering.
• Project Highlights (contextual):
• Corvo uranium – historic drill intercepts include 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 at 0.32 % Cu from 27.0 m depth; higher‑grade intervals ranging 0.96 %–5.43 % Cu over ≥0.5 m, including 0.5 m @ 2.85 % Cu and 0.5 m @ 1.92 % Cu; broader interval of 31.1 m at 0.27 % Cu.

Notable Quotes

• No executive quotes were included in the release.