Aventis Energy Closes Second Tranche of Flow-Through Private Placement Financing

Core Viewpoint - Aventis Energy Inc. has successfully closed the second tranche of its non-brokered private placement, raising C$1,006,000.60 through the issuance of 2,453,660 flow-through shares, which will be used for exploration on its project portfolio [1][3]. Financing Details - The flow-through shares were sold at a price of C$0.41 each, contributing to total gross proceeds of C$1,006,000.60 in this tranche [1]. - A total of C$60,360.04 was paid in cash as finder's fees, along with the issuance of 147,219 finder's warrants, each allowing the purchase of one common share at the same price for 24 months [4]. Use of Proceeds - The proceeds from the offering will be allocated towards eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. Company Overview - Aventis Energy Inc. is focused on mineral exploration, particularly in battery, base, and precious metals, with ongoing projects including the Corvo Uranium and Sting Copper Projects [6]. - The Corvo Uranium property has shown historical drill results with uranium mineralization, including high-grade surface samples [7]. - The Sting Copper Project spans approximately 12,700 hectares, with recent drilling results indicating significant copper mineralization [8].