On July 12, 2021, Avant Brands Inc. (formerly GTEC Holdings Ltd.) filed a preliminary short form base shelf prospectus with securities regulators in each of the provinces and territories of Canada. The base shelf prospectus, when made final or effective, will permit Avant to offer and sell common shares, warrants, units, debt securities, subscription receipts or any combination thereof in various offerings having an aggregate value of up to $50 million during the 25-month period that the base shelf prospectus remains effective.
Cassels acted for Avant on this matter.