Royal Helium Unsecured Creditors Face Losses of ~C$20mm

Jan 5
11 min read

Bankruptcy filings reveal that Royal Helium’s unsecured creditors will recover nothing, with liabilities totalling C$20mm and zero assets listed under ResidualCo, the entity holding the debts.

Want to read more?

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

Subscribe Now

Recent Posts

See All

New Zealand Advances Hydrogen Regulatory Framework

New Zealand’s Government signalled plans to establish a dedicated regulatory framework for natural hydrogen extraction and utilisation, alongside a NZ$45mm (~US$27mm) hydrogen funding package.

Noble Helium Acquires Earth Source Hydrogen to Expand Western Australia Portfolio

Noble Helium executed a binding agreement to acquire 100% of Earth Source Hydrogen Limited (ESH) for A$2.5mm (US$1.8mm), gaining access to helium exploration acreage in Western Australia’s Southern Ca

HEVI Secures Extension for C$25M Private Placement

Helium Evolution received a two-week extension from the TSXV for price protection on its previously announced C$25mm private placement, allowing additional time for the exchange’s review and approval