Avant Brands (TSE:AVNT) has released an update.
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Avant Brands Inc. has announced a $3.9 million non-brokered private placement, comprising unsecured convertible debenture units with warrants, aimed at repaying existing debts. The offering attracts a single institutional investor, with conditions to prevent control exceeding 9.99% of the company’s shares post-conversion or exercise.
For further insights into TSE:AVNT stock, check out TipRanks’ Stock Analysis page.
