Vancouver, British Columbia, October 25, 2013 - Avanti Energy Inc. (TSX Venture: AVN) (the "Company") is pleased to report that the first tranche of the private placement announced October 10, 2013 has closed effective October 24, 2013. The Company issued 1,050,000 common shares at US$0.145 for proceeds of US$152,250.
The proceeds from the private placement will be added to the Company's working capital.
Shares acquired by the placees, are subject to a hold period of four months plus one day from the date of closing of the private placement in accordance with applicable Canadian securities legislation.
For more information please contact Douglas Ford, CFO at (604) 973-2200. Please visit our website at www.avantienergy.com.
"John F. McIntyre"
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
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