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Off-market insider buying at Avanti Energy (V:AVN)

Updated Wednesday Apr 26, 2017 01:56 AM EDT

Pacific Equity Management Corp, a Deemed Insider, acquired 3,600,000 Common Shares at a price of $0.070 and 3,600,000 Warrants exercisable at a price of $0.150 until April 24, 2018 on a direct ownership basis through a prospectus or prospectus exempt offering on April 24th, 2017. This represents a $252,000 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms, Kirk Gamley, a Senior Officer, acquired 1,000,000 Common Shares and 1,000,000 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on April 24th, 2017. This represents a $70,000 investment into the company's shares and an account share holdings change of 31.9%.

Avanti Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Avanti Energy Inc. is a Canada-based resource company. The Company is an oil and gas company. The Company is engaged in the business of acquiring, developing, exploring and evaluating oil and gas properties. It operates through the segment of acquisition, exploration, and evaluation of exploration and evaluation assets and production of oil and gas properties. The Company, through its subsidiary company, CMI Energia S.p.A. (CMI), is focused on the development of its approximately 80 billion cubic feet (Bcf) of proven and probable gas reserves in Central Italy. CMI is an oil and gas exploration and development company. CMI owns working interest in approximately 35.72 square kilometers exclusive exploration permit. The Company, through Lucana Idrocarburi Srl (Lucana), is evaluating the acquisition of other proven reserves in Italy with a focus on the Basilicata Region and surrounding regions. The Company operates in the United States and Italy.

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Go to Avanti Helium Corp. (AVN)'s company page

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