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/