Avante Mining Corp. announced a non-brokered private placement 11,666,670 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 700,000 on December 22, 2023. Each unit consists of one common share and one half of one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional Share in the capital of the Company at a price of CAD 0.12 per share, for a period of twenty-four months from the date of issuance. All securities issued pursuant to the private placement are subject to an Exchange hold period and a four month plus one day hold period pursuant to applicable securities laws of Canada, which will expire on April 22, 2024. The transaction is subject to the final approval of the TSX Venture Exchange. The transaction included participation from 24 investors including two existing insiders for 520,000 units, and one pro group for 1,000,000 units.

On January 12, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.