Avanti Helium secures up to US $10 million convertible credit facility with RiverFort Global Opportunities

Reuters2026/08/24 15:19

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Avanti Helium entered a definitive agreement with RiverFort for a secured convertible credit facility of up to USD 10 million.
Initial drawdown set at USD 5 million, delivering USD 3.65 million net funding due to a 20% original issue discount, fees.
Funded amounts convertible at a fixed price set at a 40% premium to the higher of five-day VWAP, market price.
Initial drawdown fixed conversion price C$ 0.76, up to 6,648,412 shares issuable; only funded amounts are convertible.
Proceeds earmarked for remaining Sweetgrass site work, working capital, general corporate purposes to reach first commercial helium production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avanti Helium Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202608241118CANADANWCANADAPR_C0292) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avanti Helium secures up to US $10 million convertible credit facility with RiverFort Global Opportunities

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