Royal Helium Closes Final Tranche of Equity Raise for a Total of C$5mm
- Dec 14, 2023
- 2 min read
Royal Helium concluded the second and final tranche of its private placement, issuing 2.8mm units at C$0.24/unit for gross proceeds of C$675k, bringing the total gross proceeds from the offering to C$5.18mm. Each unit comprises a share and a purchase warrant, exercisable at C$0.31/warrant until Nov'26. The funds will be allocated to support multi-well operations at the Val Marie, Ogema, and Steveville helium production facilities, along with the design and engineering of offtake gas facilities, and general corporate purposes.