• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    market news

    Adventus Announces C$12.1 Million Private Placement

    Olivia Da Silva
    May. 06, 2019 08:33AM PST
    Base Metals Investing

    Adventus Zinc has announced a C$12.1 million private placement of approximately 13.8 million common shares in the company, priced at C$0.876 per piece.

    Adventus Zinc (TSXV:ADZN,OTCQX:ADVZF) has announced a C$12.1 million private placement of approximately 13.8 million common shares in the company, priced at C$0.876 per piece.

    As stated in the press release:

    Consorcio Nobis, one of Ecuador’s largest private business conglomerates, is the lead participant in the offering by subscribing for C$7.38M, which will result in ownership of approximately 9.9 percent of the common shares of Adventus upon closing. Mr. Roberto Dunn, Executive Director of Nobis, will be nominated as a director of the company as part of an investment agreement and Adventus will grant Nobis the right to participate in future equity offerings so that it can maintain at least its pro rata ownership at the time of any such offering, up to a maximum of 9.9 percent of the common shares of Adventus. These rights are dependent on Nobis holding at least 9.9 percent of the outstanding equity at the time of closing of future equity offerings.

    The remainder of the financing is expected to result from the exercise, or partial exercise, of anti-dilution rights held by pre-existing strategic shareholders of Adventus, including Altius Minerals Corporation (TSX: ALS, OTCQX: ATUSF), Greenstone Resources, Resource Capital Funds and Wheaton Precious Metals Corp. (TSX: WPM, NYSE: WPM).

    Brian Dalton, Chairman of Adventus, commented:

    “On behalf of the Board of Directors, I would like to take this opportunity to welcome the Nobis Group, as an important new strategic shareholder, and its Executive Director Roberto Dunn to our board. Through this relationship, Adventus gains a depth of knowledge and experience that will best allow it to earn a respectful place in the development of Ecuador’s exciting mineral potential. The Nobis Group’s multi-generational success is rooted in its sincere commitment to the positive future of its home country and we look forward to working with the Nobis team to realize upon the full potential of this relationship.”

    Click here to read the full press release from Adventus Zinc.

    tsxv:adznadventus zincmarket news
    The Conversation (0)

    Go Deeper

    AI Powered
    Metallum Resources completes $5.2 million private placement to advance the development of the Superior Lake Zinc Project and Board changes

    Metallum Resources completes $5.2 million private placement to advance the development of the Superior Lake Zinc Project and Board changes

    Avanti Gold Corporation Announces a Private Placement Offering

    Latest News

    Silver47 Highlights Expansive High-Grade Gold and Silver System at the Kennedy Project, Nevada

    Osisko Intersects 1117.5 Metres Averaging 0.25% Cu at Gaspé

    Mt Kare Application Update

    Option to acquire 888km2 Au/Cu project in WA

    Empire Metals upgrades to OTCQX, enhancing accessibility for U.S. investors

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×