$RHC.v Imperial acquisition receives shareholder approval. Royal Helium (TSXV: RHC) announced developments for its plan to acquire Imperial Helium this week. On July 12, the company announced Imperial received overwhelming approval from its shareholders for the acquisition.
This acquisition will add the Steveville and Steveville East assets to Royal’s project portfolio of helium properties in Saskatchewan. With the current spike in the prices for helium, Royal will be putting the two Steveville wells along with Royal's Climax wells on production as soon as possible.
Two separate processing facilities for Saskatchewan and Alberta will be commissioned, with delivery and completion anticipated for Q1 of next year. This is going to be a major development that is seriously worth keeping an eye out for.
$RHC.v is currently trading at $.325, on the way to re-test support at ~$.310. The company is presently valued at $46.39 million.
https://ceo.ca/@newswire/imperial-helium-corp-shareholders-approve-plan-of