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Royal Helium Confirms C$7mm Convertible Bought Deal Private Placement

Royal Helium announced an agreement with Eight Capital for a bought deal private placement. Royal will issue 7,000 unsecured convertible debenture units consisting of a 12% unsecured convertible debenture and common share purchase warrants at an exercise price of C0.40/sh. The debentures have a conversion price of C$0.37/sh. The proceeds from the offering will be used for capital expenditures related to the Steveville production facilities, exploration activities in Saskatchewan and Alberta, and general corporate purposes.

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