Royal Helium Closes First Tranche of Private Placement for C$4.5mm

AKAP
Nov 14, 2023
2 min read

Royal Helium completed the first tranche of its underwritten private placement, issuing 18.75mm units at C$0.24/unit, resulting in gross proceeds of C$4.5mm. Each unit comprises one common share and one common share purchase warrant. The funds will be used for multi-well operations in Val Marie, Ogema, and Steveville helium projects, as well as for production facility design and engineering.

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