Royal Helium inks US$20mm Credit Facility for Steveville Project
- Nov 22, 2022
- 2 min read
Royal Helium has executed a term sheet with an arm's length lender to provide a US$20mm three-year credit facility. Proceeds will be mainly used for development and production facilities at the Steveville helium field in Alberta, Canada. The interest rate on the loan is 14% per annum, plus a 5% structuring fee and warrants equal to 9.9% of the shares out, exercisable at a price of CAD $0.35/sh.
