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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 waves1on Jun 02, 2023 4:44pm
247 Views
Post# 35477745

RHC announces $7M bought deal convertible debenture PP

RHC announces $7M bought deal convertible debenture PP
Following the signing of a second multiyear fixed-price offtake sales agreement priced at US$625/MCF for the remaining capacity from its helium processing facility at Steveville, Royal Helium (RHC.v RHCCF)  has announced a $7.0M bought deal convertible debenture private placement with Eight Capital to finalize the funding for its Steveville Production Plant.
 
President and CEO of RHC, Andrew Davidson, commented:
“We are pleased to have secured the funding required to both complete the final preparation of the Steveville plant, inclusive of all associated midstream and logistics costs, and to advance exploration activities in Saskatchewan and Alberta. We are excited to initiate our cash flow engine at Steveville which was recently enhanced by the signing of a 2nd offtake contract at a price of US$625/MCF."
https://royalheliumltd.com/news/royal-helium-announces-7.0-million-bought-deal-convertible-debenture-private-placement-to-finalize-steveville-funding-for-2nd/
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