top of page

Royal Helium C$17.5mm Credit Facility and C$5.5mm Convertible

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.

Want to read more?

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

Subscribe Now

Recent Posts

See All

First Helium filed a preliminary prospectus for a marketed public offering of units at C$0.09/unit, aiming to raise ~C$5mm or C$4.3mm net of fees. Each unit comprises one share and one purchase warran

The company drilled, logged, and cased its first helium well in Southeast Alberta along the Manyberries Helium trend. Subsequently, an additional well was completed, leading to the option to lease mor

bottom of page