(TheNewswire)
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7 July, 2025 – TheNewswire - AVANTI GOLD CORP. (CSE: AGC) (the “Company”) is pleased to announce a non brokered private placement offering consisting of 40,000,000 units (each, a “Unit”) at a price of $0.035 per Unit for gross proceeds of up to $1,400,000 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) in the share capital of the Company and one common share purchase warrant (each a “Warrant”). Each Warrant entitles its holder to purchase one additional common share at a price of $0.05 for a period of 12 months. The securities issued pursuant to the Private Placement will be subject to a four-month-and-one day statutory hold period in accordance with applicable securities law.
The proceeds of the Private Placement will be used for annual license fees of the Company’s Misisi Gold Project and general working capital purposes.
The lead investor in the Offering, Martino De Ciccio will become a 9.9% shareholder of the Company on a partially diluted basis upon closing of the Private Placement. Sir Sam Jonah, Chairman of Avanti, Ian MacLean, CEO along with other Board members and management are participating in the Offering and will become 19% shareholders of the Company on a partially diluted basis upon closing of the Private Placement. Insiders are considered “related parties” of the Company for the purposes of applicable securities laws and stock exchange rules. The subscription and issuance of Units by the Insiders constitute related party transactions but are exempt from the formal valuation and minority approval requirements of Regulation 61-101 - Protection of Minority Security Holders in Special Transactions as neither the fair market value of the common shares and common share purchase warrants issued to each of the Insiders, nor the consideration paid by such Insiders, exceeds 25% of the Company’s market capitalization.
“We are pleased to have Mr. De Ciccio lead the Offering and participating alongside the Board and management. Martino’s participation in the Offering demonstrates the potential of the Company’s gold assets in the DRC stated Sir Sam Jonah, Chairman of Avanti.”
About Avanti Gold Corp.
Avanti Gold Corp. is a gold exploration company with a robust portfolio of projects in Africa. The Company's flagship asset 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) at an average gold grade of 2.37 grams per tonne (g/t), totalling 3.1 million ounces (Moz) of gold. The Misisi Project spans three contiguous 30-year mining leases covering 133 square kilometers (km²) along the 55-kilometer-long Kibara Gold Belt, a prominent metallogenic province known for hosting significant gold deposits.
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 U.S. 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.
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 that forms the basis for this news release and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101 has not prepared nor verified the historical information.
On behalf of the Board of Directors
Ian MacLean, CEO
Email: imaclean@avantigoldcorp.com
Office: +1 (604) 808-6300
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 release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon 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 risk and uncertainties include, but are not limited to, the risk factors set out in Avanti’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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