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.

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