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.

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Royal Helium Ltd.

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Post by Just1Questionon Dec 21, 2022 5:22pm

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Post# 35185838

My understanding of the financing package

Facility	Description	Costs	Proceeds
BDC Loan	Proceeds at Prime plus 3%		$ 15,000,000.00
Bank LOC	Can be drawn at Prime plus 2%		$ 2,500,000.00
Bought Deal	Cash for Debentures and warrants sold to Eight Capital at 14% Interest 3 year term		$ 5,500,000.00
Placement Fee		$87,500
Annual Fee		$6,000

Warrants	Share Warrants Exercisable for 21 Million Shares (5,000 x 3846 =21,153,000) on payment of 32c per share		$ 6,768,960.00
	Warrants can be forced to exercise if VWAP is above .65 for 20 consecutive trading days
Conversion	Debenture Debt conversion to shares (5,500,000/ .26 = 21,153,846) on conversion of debt at 26c per share