top of page

Royal Helium C$17.25mm upsized equity raise

Royal Helium Ltd. (TSXV: RHC) announces that the Company has closed its previously announced offering on a bought deal basis of 34,500,00 Units, issued at $0.50 per Unit, for gross proceeds of C$17.25 million. The original plan was to raise C$10mm but this was significantly upsized. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.75 per share for a period of 24 months following the closing of the Offering.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All
bottom of page