- Royal Helium (RHC) has completed its bought deal public offering for gross proceeds of $7,257,375.32
- The company issued 27,912,982 units at $0.26 per unit
- 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 up 2.04 per cent on the day, trading at C$0.25 per share at 11:30 am ET
Royal Helium (RHC) has completed its upsized bought-deal public offering for gross proceeds of $7,257,375.32.
The company issued 27,912,982 units at $0.26 per unit.
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.
Royal controls over 1,000,000 acres of prospective helium land in southern Saskatchewan and Alberta.
Royal Helium Ltd. (RHC) is up 2.04 per cent on the day, trading at C$0.25 per share at 11:30 am ET.