top of page

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.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page