Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Pacific Daily journalist was involved in the writing and production of this article.
Royal Helium Secures $6 Million in Bought Deal Offering to Fuel Expansion and Well Development
–News Direct–
Royal Helium CEO Andrew Davidson joined Steve Darling from Proactive to announce the successful completion of a bought deal public offering that raised $6 million. The offering was conducted in conjunction with underwriting firms Canaccord Genuity, Cormark Securities, and Eight Capital Corp.
Davidson detailed that the proceeds are designated for a robust exploration and development agenda. This includes drilling potential new wells at the companys 40-mile site in Alberta and enhancing the development of existing wells in Saskatchewan. The capital will also bolster operational scaling and improve working capital to facilitate the company's ongoing progress toward self-funding from operational outputs.
He highlighted the strategic importance of this capital injection, noting it supports Royal Helium's expansion from managing a single asset to multiple assets. Davidson emphasized the critical nature of this funding in ensuring the company does not miss another exploration season, thereby maintaining momentum in its growth and development strategy.
Contact Details
Proactive North America
+1 604-688-8158
View source version on newsdirect.com: https://newsdirect.com/news/royal-helium-secures-6-million-in-bought-deal-offering-to-fuel-expansion-and-well-development-646614364
Royal Helium Ltd
COMTEX_452083619/2655/2024-05-08T17:30:33
Related News
Kinetiko Energy achieves milestone in South African onshore gas power generation
Spread the love –News Direct– Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) CEO Nick de Blocq joinedRead More
Match System’s CEO Andrei Kutin Announces Full Recovery of $68 mln Stolen Crypto Assets
Spread the love Summary: $68 million from the incident occurred on May 3, 2024 relatedRead More