CALGARY,
AB, Aug. 20, 2024 /CNW/ - Avanti Helium
Corp. (TSXV: AVN) (OTC: ARGYF) ("Avanti" or the "Company") is
pleased to announce the appointment of Clark Schow to its Board of Directors as an
independent member, effective immediately.
Clark brings a wealth of experience to the board. He is the
Founder and Director of Legal Services at EXG Legal, a Calgary-based law firm specializing in general
corporate matters, including mergers and acquisitions, joint
ventures, commercial contracts, real estate, and banking and
finance.
Prior to founding EXG Legal, Mr. Schow was a key member of the
energy and infrastructure practice group at a national law firm in
Calgary and served as in-house
counsel for one of Canada's
largest integrated oil and gas companies. His extensive experience
in the energy sector includes international project development,
drafting and negotiating asset purchase and sale agreements,
handling conventional and offshore oil and gas transactions,
conducting large-scale due diligence reviews, and managing
day-to-day commercial matters.
In addition to his professional work, Mr. Schow is an Executive
Member of the Calgary Minor Basketball Association. He holds a
Bachelor of Laws (LLB) and a Bachelor of Commerce (BCom) from the
University of Alberta.
"We are very pleased to welcome Clark to the Avanti board,"
commented Chris Bakker, CEO. "Clark
brings with him a wealth of legal and business experience and his
insights and advice will be quite valuable."
Resignation of Director
The Company also announces the resignation of Mike Leo from the Board of Directors. We extend
our sincere thanks to Mike for his service and wish him all the
best in his future endeavors.
With the appointment of Mr. Schow, the board now consists
of:
Brad Krizan – Independent, Audit
Chair
Clark Schow – Independent, Audit
Committee
Genga Nadaraju – Audit
Committee
Chris Bakker – President &
CEO
Stock Options
The Company has granted 150,000 stock options to certain
directors and officers. The options are exercisable at a price of
$0.30, with a five-year term, and may
be subject to specific vesting provisions as determined by the
Board of Directors.
About Avanti Helium Corp
Avanti Helium is focused on the exploration, development, and
production of helium across western Canada and the
United States. Avanti's professional oil and gas exploration
and production team is actively targeting helium trapped in
structures to help meet the increasing global demand for an
irreplaceable and scarce element critical to advanced technology,
medical and space exploration industries. For more information,
please go to the Company's website
at www.avantihelium.com.
Forward-Looking Statements
The information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors include,
among other things: statements relating to the expected timing for
the development of the helium recovery plant and timing estimates
with respect to initial production therefrom, statements relating
to the expected benefits to Avanti from the midstream agreement and
liquefaction tolling agreement, statements relating to obtaining
financing to fund associated infrastructure work for the plant,
risks associated with helium exploration, development, production,
marketing and transportation, volatility in helium prices, risks
relating to the Company's ability to access sufficient capital from
production and external sources, risks and uncertainties
relating to the Company's limited operating history and the need to
comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward-looking
information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information. Please see the
public filings of the Company at www.sedar.com for
further information and risks applicable to the Company.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Avanti Helium Corp.