On April 17, 2024, Avanti Helium Corp closed the transaction. The company issued 1,000,000 Units at a price of CAD 0.40 per unit for gross proceeds of CAD 400,000 under the Second and final Tranche. Each Unit consists of one common share of the Company and one Share purchase warrant. Each Unit Warrant exercisable to acquire one additional Share at an exercise price of CAD 0.60 per Unit Warrant Share until April 16, 2025. The company has paid finders fees of CAD 6,000 and 15,000 Share purchase warrants. Each Finder's Warrant is exercisable to acquire one share at an exercise price of CAD 0.60 per Finder's Warrant Share until April 16, 2025. The securities issued under and in connection with the Second Tranche are subject to a statutory hold period expiring on August 17, 2024. The transaction included participation from Chris Bakker the Chief Executive Officer and a director of the Company for 750,000 Units for proceeds of CAD 300,000. The transaction included participation from 19 investors including one existing insider for 750,000 units; and five pro groups for 800,000 units. The company has received $27,972 (CAD 37,979.633401222) from single investor pursuant to exemption provided under Regulation D.

On April 17, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.