StreetInsider.com News Articles

Royal Helium Ltd. Cancels Previously Announced Private Placement, Announces Board Changes

Fri, 24 Jan 2025 18:22:00 -0400

Toronto, Ontario--(Newsfile Corp. - January 24, 2025) - Royal Helium Ltd. (TSXV: RHC) (OTCQB: RHCCF) ("Royal") announces today that Royal and its subsidiaries, Royal Helium Exploration Limited and Imperial Helium Corp. (together with Royal, the "Company"), have cancelled the previously announced proposed private placement offering of debenture units of the Company previously announced on December 2, 2024 (the "Private Placement").

On January 20, 2025, the Company announced its notice of intention to make a proposal under the Bankruptcy and Insolvency Act (the "BIA"). The Company had previously been pursuing an out-of-court restructuring solution. However, following review of all financing options and

Royal Helium Ltd. Cancels Previously Announced Private Placement, Announces Board Changes

Fri, 24 Jan 2025 18:22:00 -0400

Royal Helium Ltd. Files for Creditor Protection

Mon, 20 Jan 2025 12:56:00 -0400

Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - Royal Helium Ltd. (TSXV: RHC) (OTCQB: RHCCF) ("Royal") announced today that Royal and its subsidiaries, Royal Helium Exploration Limited and Imperial Helium Corp. (together with Royal, the "Company"), filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (the "BIA").

The Company has been actively pursuing an out-of-court restructuring solution, which included, among other things, initiatives to raise additional capital to meet working capital needs, creditor obligations and fund engineering requirements to appropriately re-commission the Steveville Helium Facility. Following such review and after careful consideration of all

Royal Helium Ltd. Files for Creditor Protection

Mon, 20 Jan 2025 12:56:00 -0400

Royal Helium Ltd. Announces Election to Issue Common Shares in Satisfaction of Convertible Debenture Interest Payment Obligations and for Conversion

Fri, 20 Dec 2024 16:53:00 -0400

Saskatoon, Saskatchewan--(Newsfile Corp. - December 20, 2024) - Royal Helium Ltd. (TSXV: RHC) (OTCQB: RHCCF) ("Royal" or the "Company") announces that in accordance with the terms of the two separate debenture indentures entered into between the Company and Computershare Trust Company of Canada (the "Trustee") dated February 8, 2023 (the "February Indenture") and dated June 12, 2023 (the "June Indenture" and collectively with the February Indenture, the "Debenture Indentures"), the Company has elected to issue an aggregate of 19,446,667 common shares in the capital of the Company (the "Common Shares") at a price of $0.030 to the holders of the

Royal Helium Ltd. Announces Election to Issue Common Shares in Satisfaction of Convertible Debenture Interest Payment Obligations and for Conversion

Fri, 20 Dec 2024 16:53:00 -0400