TSX VENTURE COMPANIES
AVANTI ENERGY INC. ("AVN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 10, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced January 18, 2016:
Number of Shares: 1,100,000 shares
Purchase Price: $0.10 per share
Warrants: 550,000 share purchase warrants to purchase 550,000 shares
Warrant Exercise Price: $0.15 for a one year period
Number of Placees: 6 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Dove Energy B.V. (Mario Panebianco) Y 250,000
Pacific Equity Management Corp. (Douglas Ford) Y 500,000
Robin M. Gamley Y 50,000
Aggregate Pro Group Involvement P 50,000
[1 Placee]
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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