SASKATOON, SK, July 20, 2020 /CNW/ - Royal Helium Ltd.,
("Royal" or the "Company") (TSXV: RHC) announces that it has
appointed Mr. Sylvain Laberge to its
board of directors, effective July 17,
2020. Mr. Laberge has had a long and distinguished career in
the junior resource sector, focusing on both management, investor
relations and financing. Based in Montreal, QC, Mr. Laberge will play a key role
in corporate strategy as Royal moves towards drilling on its helium
projects in Saskatchewan. Mr.
Laberge is currently the President and CEO of Gespeg Resources Ltd.
(TSX-V; "GCR") and an independent director of Omineca Mining and
Metals Ltd. (TSX-V: "OMM").
"Mr. Laberge's experience in advancing junior natural resource
companies makes him a natural addition to the board of Royal,"
states Andrew Davidson, President
and CEO of Royal. Mr. Davidson continues, "Royal is continually
looking to increase the strength of its management and governance
team, and the addition of Sylvain reflects an important first step
in this process."
Additionally, Royal announces that it has issued 3,000,000 stock
options, effective July 17, 2020,
with an exercise price of $0.23 for a
period of five years, in accordance with the Company's stock option
plan. Management and directors were issued 2,400,000 options, with
the remainder going to consultants.
Royal Helium Ltd.
Royal has over 400,000 acres of prospective helium land in
southern Saskatchewan. All of
Royals' lands are in close vicinity to highways, roads, cities and
importantly, close to existing oil and gas infrastructure, with a
significant portion of its land in close proximity to existing
helium producing locations. With stable, rising prices and limited,
non-renewable sources for helium worldwide, Royal intends to become
a leading North American producer of this high value commodity.
For more information, please contact Andrew Davidson, the Chairman, President and CEO
of the Company.
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 Royal Helium Ltd.