Avanti Gold arranges $15-million private placement

Executive Summary

• Avanti Gold Corp. announced a private placement for up to C$15 million, issuing up to 30 million units 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).
• Net proceeds will be used to fund exploration at the Misisi project and for general corporate and working‑capital purposes.

Key Details

• Offering Size & Price: Up to C$15 million gross proceeds; price of C$0.50 per unit.
• Units Offered: Maximum of 30 million units (each = 1 common share + ½ warrant).
• Warrant Terms: One‑half warrant per unit; each full warrant allows purchase of one share at $0.65 for 36 months from issuance.
• Agent Option: Agents may purchase up to an additional 15 % of the offered securities on the same terms, exercisable up to three business days before the earliest closing date.
• Commission & Broker Warrants: Up to 5 % cash commission on gross proceeds payable to agents/third parties; broker warrants up to 5 % of total units issued, exercisable for one unit at issue price for 18 months from closing.
• Use of Proceeds: Primarily for exploration activities at the Misisi project (DRC) and for general corporate and working‑capital needs.
• Insider Participation: Chairman Sir Sam Jonah, other board members, management, and existing strategic investors are expected to participate; related‑party transaction exempt from certain minority‑approval requirements as it does not exceed 25 % of market cap.
• Regulatory Framework: Offering relies on NI 45‑106 prospectus‑exemptions; units will be freely tradeable in Canada (excluding Quebec) and may be sold offshore or in the U.S. under applicable exemptions.
• Closing Date: Expected on or about October 20, 2025, subject to customary conditions including CSE approval.

Notable Quotes

(No direct quotes were provided in the release.)