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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.

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