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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  RHCCF | V.RHC.WT.A | V.RHC.WT.B

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Post by bveilleuon Jun 16, 2021 3:37pm
279 Views
Post# 33396555

RHC Announces New Listing / Commencement Trading of Warrants

RHC Announces New Listing / Commencement Trading of Warrants

SASKATOON, SKJune 16, 2021 /CNW/ - Royal Helium Ltd., ("Royal" or the "Company") (TSXV: RHC) announces that the TSX Venture Exchange has accepted for listing the 17,250,000 share purchase warrants (the "Warrants") issued pursuant to the Company's previously announced Prospectus Offering which closed on Tuesday, June 8th, 2021 and includes the Warrants issued on exercise of the Overallotment Option that occurred concurrently with the Prospectus Offering. The Warrants will commence trading on the TSX Venture Exchange at the opening on Friday June 18th, 2021, under the symbol "RHC.WT".

Royal Helium Ltd. Logo (CNW Group/Royal Helium Ltd.)

The Warrants were issued pursuant to the Company's Prospectus Offering. Each Warrant entitles the holder to purchase one Common Share at a price of $0.75 per share and will expire on June 8, 2023. The warrants are subject to an accelerated maturity clause of 30 days if the common shares of Royal close at or above $1.25 per share for 10 consecutive business days.

Royal Helium Ltd.

Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Located next to highways, roads, cities and importantly close to existing oil and gas infrastructure, Royal's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.

For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.

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