Aventis Energy Inc. has closed the second tranche of its non-brokered private placement, raising $1,006,000.60 by selling 2,453,660 flow-through shares at $0.41 each for exploration in Canada. The company will use the proceeds to incur eligible Canadian exploration expenses on its projects. Finder’s warrants were issued as finder’s fees, allowing holders to acquire common shares at $0.41 each. The securities issued are subject to a statutory hold period of four months and one day. Aventis Energy Inc. is a mineral exploration company focused on developing projects with battery, base, and precious metals in stable jurisdictions like the Corvo Uranium & Sting Copper Project. The Corvo Uranium property has shown historical drill holes with uranium mineralization, while the Sting Copper Project recently yielded promising results of 54.8m at 0.32% Cu.

Read more at GlobeNewswire: Aventis Energy Closes Second Tranche of Flow-Through