Aventis Energy Announces Closing of Flow-Through Financing
VANCOUVER, British Columbia, July 04, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. (“Aventis” or the “Company”) (CSE: AVE | FRA: C0O0 | OTC: VBAMF), is pleased to announce the closing of its non-brokered private placement, announced June 20, 2025, and updated June 30, 2025, for an aggregate of 1,400,000 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.25 per FT Unit for gross proceeds of C$350,000 (the “Offering”). The Company intends to use the proceeds from the Offering towards exploration on the Company’s project portfolio.
Each FT Unit consists of one (1) common share of the Company (each, a “Common Share”) issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one half (1/2) of one (1) Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.35 for a period of 24 months from the date of issuance.
The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Company’s projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2025.
In connection with the closing of the Offering, an aggregate of $21,000 was paid in cash as finder’s fees. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news 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.