CALGARY,
AB, July 10, 2024 /CNW/ - Avanti Helium Corp.
(TSXV: AVN) (OTC: ARGYF) ("Avanti" or the "Company") is delighted
to announce the appointment of Brad
Krizan to its Board of Directors as an independent board
member, effective immediately.
Brad is a prominent business and community leader based in
Calgary. He brings a wealth of
experience from his roles in both the private and public sectors,
spanning various industries. His extensive Board of Directors
experience includes organizations involved in regulatory and
policy-making activities with government agencies, boards, and
commissions, as well as significant work with First Nations. Brad's
background features comprehensive Profit & Loss oversight,
strategic planning, and strategy execution, along with managing
numerous corporate initiatives and major projects across diverse
organizations.
Currently, Brad serves on the Board of Directors for the Alberta
Motor Vehicle Industry Council, Calgary Co-operative Association,
Care Group of Pharmacies, Mistahiya Development Corporation, and
the Real Estate Insurance Exchange. His notable past board
experience includes the Alberta Gaming, Liquor and Cannabis
Commission, cSPACE Projects, the Calgary Convention Centre Authority, and the
Safety Codes Council of Alberta.
Brad holds a Master of Business Administration degree from Royal
Roads University, a Bachelor of Arts degree in Urban and Regional
Studies from the University of
Lethbridge, and the Institute of Corporate Directors ICD.D
designation.
"I am very pleased that Brad has accepted our offer to join the
Avanti board," commented Chris
Bakker, CEO. "We have been acquainted for more than a decade
and have been in discussions regarding his joining the board for
well over a year. I have the highest regard for his
professionalism and integrity."
In addition to his role as a non-independent director, Brad will
also chair the Audit Committee.
Stock options
The Company has granted 150,000 stock options to certain
directors and officers of the Company. The options are
exercisable at a price of $0.30, have
a term of five years and may be subject to certain vesting
provisions as determined by the board of directors.
The Directors of the Corporation have also appointed
Chris Bakker to assume the role of
President in addition to his role as CEO.
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.