ROYAL HELIUM LTD. ("RHC") ("RHC.WT.A")
BULLETIN TYPE: Private Placement-Brokered, Additional Listing-Warrants
BULLETIN DATE: December 21, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on November 7, 2023 and November 8, 2023:
Private Placement - Second Tranche
Number of Shares:
| 2,812,500 units ("Unit")
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|
| Purchase Price:
| $0.24 per Unit
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|
| Warrants:
| 2,812,500 share purchase warrants to purchase 2,812,500 shares
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| Warrant Exercise Price:
| $0.31 for a three-year period
|
|
| Number of Placees:
| 1 Placee
|
Insider / Pro Group Participation:
|
|
|
|
|
| Placees
| # of Placee (s)
| Aggregate # of Units
|
|
|
| Aggregate Existing Insider Involvement:
| N/A
| N/A
| Aggregate Pro Group Involvement:
| N/A
| N/A
|
| Aggregate Cash
Amount
| Aggregate #
of Shares
| Aggregate #
of Warrants
| Finder's Fee:
| $40,500
| N/A
| 168,750
|
Finder's Warrants Terms: Each Finder's Warrant (non-transferable) entitles the holder to purchase one Unit at $0.24 per Unit. Each Unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share at $0.31 per share for a period of 3 years.
The Company issued a news release on November 14, 2023 and December 14, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
New Listing-Warrants - Second Tranche
Effective at the opening Wednesday, December 27, 2023, the Warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a "Oil and Gas Services" company.
Corporate Jurisdiction:
| Saskatchewan
|
|
| Capitalization:
| 21,562,500 warrants, authorized by a warrant indenture dated November 14, 2023 of which 21,562,500 warrants are issued and outstanding with respect to the first and second tranche (18,750,000 warrants listed November 17, 2023 and 2,812,500 warrants to list on December 27, 2023).
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| Warrant Exercise Price/Term:
| $0.31 per share for 3 years from the date of issuance.
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| Transfer Agent:
| Computershare Investor Services Inc.
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|
| Trading Symbol:
| RHC.WT.A
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| CUSIP Number:
| 78029U163
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Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.31 per share and will expire at 5:00 pm (Saskatoon time) on November 14, 2026.
The underlying Warrants are governed by the terms and conditions of the Warrant Indenture dated November 14, 2023 and were issued pursuant to the Company's Offering Document dated November 7, 2023.
For further details, please refer to the Company's news releases dated November 7, 2023, November 8, 2023, November 14, 2023 and December 14, 2023.
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