/NOT FOR DISTRIBUTION TO
SASKATOON, SK,
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
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
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
About Royal Helium Ltd.
Royal is focused on the exploration and development of primary helium production in southern
For more information, please contact
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
SOURCE
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