Royal Helium Ltd.'s Profile

Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Currently Drilling Climax Wells 1 through 3
Royal Helium Ltd.
Symbol
RHC
Exchange
TSX-V
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101,945,934 Sept. 2021
Industry
Energy & Environment
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Royal Helium Ltd.'s Bulletin

Royal Helium Ltd., ("Royal" or the "Company") (TSXV: RHC) announces that the TSX Venture Exchange has accepted for listing the 17,250,000 share purchase warrants (the "Warrants") issued pursuant to the Company's previously announced Prospectus Offering which closed on Tuesday, June 8th, 2021 and includes the Warrants issued on exercise of the Overallotment Option that occurred concurrently with the Prospectus Offering. The Warrants will commence trading on the TSX Venture Exchange at the opening on Friday June 18th, 2021, under the symbol "RHC.WT". The Warrants were issued pursuant to the Company's Prospectus Offering. Each Warrant entitles the holder to purchase one Common Share at a price of $0.75 per share and will expire on June 8, 2023. The warrants are subject to an accelerated maturity clause of 30 days if the common shares of Royal close at or above $1.25 per share for 10 consecutive business days. Royal Helium Ltd. Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Located next to highways, roads, cities and importantly close to existing oil and gas infrastructure, Royal's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.
Royal Helium Ltd. ("Royal" or the "Company") (TSXV: RHC) is pleased to announce its extensive drilling, exploration and development work program in southern Saskatchewan with Climax-4 expected to spud in mid-July.  Following the recently completed financing and the successful initial drilling program, Royal will immediately begin drilling and exploration programs focused on accelerating the growth of the Company's helium resources. The Company is currently budgeting for 7 new wells. 2021 Program Summary: Drill Climax-4 to target the Regolith discovery from Climax-3, expected to spud by the end of July Resumption of production testing at Climax-2 and Climax-3 Continue production planning and facility design for Climax-1, 2 and 3 Drill 6 new wells in SE Saskatchewan across three separate project areas. Drilling anticipated to commence summer 2021 Andrew Davidson, President and CEO comments, "With the exceptional investor interest in the oversubscribed bought deal prospectus offering, Royal is in a position to execute on a large drilling and exploration program to expand on the success of its first 3 helium wells. Our program is specifically planned to accelerate the growth of the Company with the goal of quickly becoming a helium producer. Royal is at an exciting juncture in its development - looking toward helium production from its first 3 wells, developing the new discovery of 2.5 to 6 billion cubic feet ("BCF") of helium in-place and accelerating growth with 7 new wells including an additional well specifically targeting the Regolith discovery zone". At Climax, Royal will be drilling Climax-4 specifically targeting the Regolith zone discovered in the Climax-2 and Climax-3 wells.  Climax-4 drill and production permitting is underway, and the well is anticipated to spud by mid-July.  This well will be cored through the Regolith discovery zone to identify the optimal way to produce helium from this large reservoir.  In southeast Saskatchewan, Royal intends to drill its first set of wells at its Bengough, Griffin and Ogema blocks (the first land blocks of the "SE Project Area").  Planning is currently underway for this portion of the drill program consisting of the acquisition/re-processing of seismic data, completion of a tri-axial magnetic survey and detailed well target definition. Alongside drilling new wells, testing will continue at Climax-2 and Climax-3 focused on the Wymark zone that reported elevated levels of helium that have not yet been perforated or production tested.  This testing program, fully planned and costed within the previous program, is anticipated to last for approximately 10 days per well.  For Climax-1, Climax-2 and Climax-3, initial production testing and facility design specifications will be completed (Climax-1 already underway) with a plan to have these first 3 wells operational within six months of testing completion. Royal Helium Ltd.Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Located next to highways, roads, cities and importantly close to existing oil and gas infrastructure, Royal's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.
Royal Helium Ltd. ("Royal" or the "Company") (TSXV: RHC) announces that the Company has closed its previously announced prospectus offering of units ("Units") on a bought deal basis of 34,500,00 Units, issued at $0.50 per Unit, for gross proceeds of $17.25 million (the "Offering"), inclusive of 4,500,000 Units issued pursuant to the full exercise of the over-allotment option granted to the underwriters on closing of the Offering.  Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant").  Each Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.75 per share for a period of 24 months following the closing of the Offering, provided that the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants by providing notice in writing to the holders of Warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the "TSXV") is greater than $1.25 per common share for the preceding 10 consecutive trading days.  The Warrants have been conditionally approved for listing on the TSXV and are expected to be listed for trading on the TSXV following the close date of the Offering under the symbol RHC.WT, subject the satisfaction of the listing conditions of the TSXV. Cormark Securities Inc. and Eight Capital acted as lead underwriters (the "Lead Underwriters") in connection with the Offering, with a syndicate including Canaccord Genuity Corp. (together with the Lead Underwriters, the "Underwriters").  As consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received: (a) a cash commission equal to 7% of the gross proceeds of the Offering; and (b) that number of non-transferable compensation warrants (the ""Compensation Warrants"") as is equal to 7% of the number of Units issued under the Offering. Each Compensation Warrant is exercisable to acquire one unit (""Broker Warrant Unit"").  Each Broker Warrant Unit will be comprised of one common share and one-half of one common share purchase warrant (""Broker Warrant Unit Warrant""). Each Broker Warrant Unit Warrant will have the same terms as the Warrants issuable pursuant to the Offering. The net proceeds from the Offering will be used to fund exploration and development of the Company's Climax and Bengough projects and for general working capital purposes.  This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the "United States" or to "U.S. Persons" (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.  About Royal Helium Ltd. Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Located next to highways, roads, cities and importantly close to existing oil and gas infrastructure, Royal's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers. For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.