Royal Helium has signed term sheets with the Business Development Bank of Canada and a Schedule 1 Bank for a non-revolving credit facility in the amount of C$15mm. The Schedule 1 Bank will also provide a revolving demand operating loan of C$2.5mm for working capital purposes. Royal also entered into an agreement with Eight Capital for a C$5.5 mm bought deal private placement of convertible debenture units. The net proceeds of the Offering will be used to fund capital expenditures related to the Steveville production facilities and for general corporate purposes.
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See AllAvanti Helium successfully closed the first tranche of its C$1.1mm upsized private placement, raising C$0.68mm by issuing ~1.7mm units at C$0.40/unit. Each unit comprises of a share and a warrant with
Helix Exploration, a new helium exploration company, commenced trading on the AIM market of the London Stock Exchange under the ticker HEX. The company successfully raised £7.5mm from an oversubscribe
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