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Imperial Helium Closes Private Placement Financing of C$14mm

Imperial Helium has concluded an equity raise of ~CAD 14 million, issuing 56mm subscription receipts at CAD 0.25 each. This private placement started at CAD 7 mm, was upsized to CAD 13.5 mm and has now closed at CAD 14mm. The net proceeds will be used for production testing of the company’s foundational asset, potential acquisition of additional helium assets and for other general corporate purposes.

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