Avanti Gold Corp. (CSE: AGC) (FSE: and October 1, 2025 (the “Offer”). The Offering was led by SCP Resource Finance LP, as lead agent and sole bookrunner, and a syndicate of agents, including Haywood Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd.
Each Unit will consist of one common share of the Company (each a “Part“) and one-half of one common stock purchase warrant (each full common stock purchase warrant, one “Deposit“). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of C$0.65 for a period of 36 months from the date of issuance. The Warrants issued pursuant to the Offering will be subject to an exercise restriction expiring 61 days after the date of issuance.
Martin Pawlitschek, incoming Chief Executive Officer, commented: “I am pleased with the strong investor interest in our scaled-up LIFE offering, which will provide us with the resources to continue the exploration efforts of the Misisi Gold Project, which has the potential to become a cornerstone asset in Africa. Our 2026 funded exploration program will focus on adding ounces in permitted areas along the 55-kilometer Kibara gold belt, including the Akyanaga deposit. which already has an inferred resource of 3.1 Moz, and mineralized targets including Akyanga East, Ngalula, Lubitchako, Kilombwe and Tulonge.
The Company intends to use the net proceeds from the Offering to advance exploration efforts, including ground geophysics and drilling programs, at the Misisi gold project in the Democratic Republic of Congo, which hosts a 43-101 compliant inferred mineral resource of 41 Mt with an average grade of 2.37 g/t containing 3.1 Moz of gold. In addition, the net proceeds will be used for working capital and general corporate purposes.
The Offering was conducted pursuant to the exemption for financing of listed issuers under Part 5A of National Instrument 45-106 – Prospectus exemptionsas amended by Coordinated Framework Agreement 45-935 – Exemptions from certain conditions of the financing exemption of listed issuers (the “Exemption for financing of listed issuers“) to purchasers resident in Canada, excluding Québec, and/or other qualifying jurisdictions pursuant to the publicly traded issuer financing exemption. The securities issuable from the sale of the Units to purchasers resident in Canada are expected to be immediately freely tradable in accordance with applicable Canadian securities laws. The Units have also been sold to purchasers in offshore jurisdictions and in the United States on a private placement basis. pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “US securities law“).
Swapan Kakumanu, interim CEO, together with other board members and management (the “Insiders“), strategic investors, institutional investors and high net worth individuals participated in the Offering. Insiders are considered “related parties” of the Company under applicable securities laws and stock exchange regulations. The subscription and issuance of Units by the Insiders constitute related party transactions, but are exempt from the formal minority valuation and approval requirements of Multilateral Instrument 61-101 – Protection of minority security holders in special transactions as neither the fair market value of the Shares and Warrants issued to each of the Insiders, nor the compensation paid by such Insiders, exceeds 25% of the market capitalization of the Company. A report of material changes related to the Insiders’ participation in the Offer will be submitted within 10 days after the closing of the Offer.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
All references herein to currency amounts are to legal money of Canada unless otherwise stated.
About Avanti Gold Corp.
Avanti Gold Corp. is a gold exploration company with a robust portfolio of projects in Africa. The company’s flagship project is the Misisi project in the Democratic Republic of Congo (DRC), home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 44.3 million tonnes (Mt) with an average gold grade of 2.37 grams per tonne (g/t), equivalent to 3.1 million ounces (Moz) of gold. The Misisi project includes three contiguous 30-year mining leases covering 133 square kilometers (km²) along the 55-kilometer Kibara Gold Belt, a prominent metallogenic province known for its significant gold deposits.
Qualified person
Ephraim Masibhera, a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), has reviewed the scientific and technical information underlying this press release and has approved the disclosure herein. Historical information contained in this press release should not be relied upon as the Company’s Qualified Person, as defined under NI 43-101, has not prepared or verified the historical information.
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release. This press release may contain certain “Forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements in this press release include, but are not limited to: the expected use of the net proceeds from the Offering; filing a report on material changes relating to the participation of Company insiders in the Offering and the Company’s business objectives. When or if used in this press release, become the words “anticipate”, “to believe”, “estimation”, “to expect”, “goal”, “plan”, “prediction”, “be able to”, “diagram” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company‘s current views regarding future events and are necessarily based on a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. These risks and uncertainties include, but are not limited to, the risk factors set forth in Avanti‘s annual and/or quarterly management discussion and analysis and in other public disclosure documents filed on SEDAR+ at www.sedarplus.caas well as any assumptions regarding the foregoing. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company does not intend, and assumes no obligation, to update these forward-looking statements or information to reflect any change in assumptions or changes in circumstances or other events affecting such statements and information, other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271574
#Avanti #Gold #Announces #Closing #C25 #Million #LIFE #Private #Placement