- Royal Helium (RHC) has agreed to increase the size of its bought deal public offering
- The company will issue 26,925,000 units at $0.26 per unit for gross proceeds of approximately $7 million
- The net proceeds will be used to fund engineering and design costs associated with the company’s Steveville production plant
- Royal controls over 1,000,000 acres of prospective helium land in southern Saskatchewan and Alberta
- Royal Helium Ltd. (RHC) is down 13.11 per cent on the day, trading at C$0.265 per share at 10:30 am ET
Royal Helium (RHC) has agreed to increase the size of its bought deal public offering.
The company will issue 26,925,000 units at $0.26 per unit for gross proceeds of approximately $7 million.
Royal has granted the underwriters an over-allotment option.
The net proceeds will be used to fund engineering and design costs associated with the company’s production plant planned for Steveville, exploration activities and general corporate purposes.
The offering is expected to close on Oct 13, 2022.
Royal controls over 1,000,000 acres of prospective helium land in southern Saskatchewan and Alberta.
Royal Helium Ltd. (RHC) is down 13.11 per cent on the day, trading at C$0.265 per share at 10:30 am ET.
