Aventis Energy Announces Warrant Expiry Acceleration
GlobeNewswire News Room·2025-07-18 21:00

Core Viewpoint - Aventis Energy has decided to accelerate the expiry date of its outstanding common share purchase warrants due to the company's share price exceeding C$0.20 for ten consecutive trading days, which allows the company to exercise its right to accelerate the expiry of the warrants [1][2]. Group 1: Warrant Acceleration - The May 2025 Warrants, originally issued during a private placement financing on May 8, 2025, are exercisable at C$0.10 per common share [1][2]. - The expiry date for the May 2025 Warrants has been set to 5:00 p.m. (Vancouver Time) on August 17, 2025, following the announcement of the acceleration [2]. - Any unexercised May 2025 Warrants after the Accelerated Expiry Date will expire and become void [2][3]. Group 2: Company Overview - Aventis Energy Inc. is a mineral exploration company focused on developing strategic projects involving battery, base, and precious metals in stable jurisdictions [4]. - The company is advancing its Corvo Uranium and Sting Copper Projects, which have shown promising results in terms of mineralization [4][5][6]. Group 3: Project Details - The Corvo Uranium property has historical drill results indicating uranium mineralization, with notable intersections of 0.116% U3O8 over 1.05 meters and 0.065% U3O8 over 0.15 meters [5]. - The Sting Copper Project spans approximately 12,700 hectares and has reported results of 54.8 meters at 0.32% Cu, with higher-grade intervals reaching up to 5.43% Cu [6].