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

Updated Monday Nov 27, 2017 02:37 AM EDT

Pacific Equity Management Corp, a Deemed Insider, acquired 1,000,000 Common Shares on a direct ownership basis at a price of $0.100 through a prospectus or prospectus exempt offering on November 23rd, 2017. The insider also acquired 1,000,000 Warrants with an exercise price of $0.120 until November. 23, 2022. This represents a $100,000 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms, Douglas Edward Ford, CFO and Director, acquired 260,000 Common Shares and 260,000 Warrants on a direct ownership basis. This represents a $26,000 investment into the company's shares and an account share holdings change of greater than 100%.

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 Energy Inc. (AVN)'s company page

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