Helium Evolution C$8.5 mm raise & farmout to North American Helium

AKAP
Jun 8, 2022
5 min read

Saskatchewan focused Helium Evolution (HEVI) has entered into a farmout agreement with the largest private helium company North American Helium (NAH), in which NAH will drill a total of five wells, incurring 100% of the drill expenditures to gain 80% ownership, on three predetermined blocks of land in Saskatchewan spanning ~2.3 million acres. NAH will also subscribe for 8.75mm Units for total gross proceeds of C$3.5mm as part of a total equity raise of C$8.5mm at C$0.4/sh plus a warrants.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Noble Helium Secures A$2.4mm in Financing Through Loan Amendments

Noble Helium restructured its A$4.6mm VAT shortfall loan, repaying one lender in full and rolling over A$2.8mm of remaining facilities to June 2027, while reducing interest rates to 12% and granting c

Avanti Secures Existing Plant to Fast-Track Sweetgrass Production

Avanti Helium signed an MOU with an undisclosed US-based helium technology provider to relocate an operational helium processing plant to its Sweetgrass project in Montana.

DME Raises C$275k in Equity

Desert Mountain Energy (DME) is raising C$275k via a private placement of 1.1mm units at C$0.25 each (~11% discount to its previous closing price).