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Royal Helium Ltd. Completes C$5.5 Million Private Placement

Royal Helium closed its previously announced "bought deal" private placement of 5,500 non-transferrable subscription receipts at C$1000 per subscription receipt, for aggregate gross proceeds of C$5.5mm. Each subscription receipt is convertible into one unsecured convertible debenture unit, which consists of one 14% unsecured convertible debenture in the principal amount of C$1,000 and 3,846 common share purchase warrants with an exercise price of C$0.32/warrant. The net proceeds of the Offering will be used to fund capital expenditures related to the Company's Steveville production facilities and for general corporate purposes.

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