Avanti Helium secures up to US $10 million convertible credit facility with RiverFort Global Opportunities
Reuters2026/08/24 15:19- Avanti Helium entered a definitive agreement with RiverFort for a secured convertible credit facility of up to USD 10 million.
- Initial drawdown set at USD 5 million, delivering USD 3.65 million net funding due to a 20% original issue discount, fees.
- Funded amounts convertible at a fixed price set at a 40% premium to the higher of five-day VWAP, market price.
- Initial drawdown fixed conversion price C$ 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: 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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