SASKATOON, SK, July 15,
2022 /CNW/ - Royal Helium Ltd. ("Royal" or the
"Company") (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to
announce that the Supreme Court of British Columbia issued a final order
approving the previously announced acquisition by the Company of
Imperial Helium Corp. (TSXV: IHC) ("Imperial") by way of plan of
arrangement (see the news releases of Royal dated May 2 and July 12,
2022 for more details) (the "Transaction").
The Transaction remains subject to final approval by the TSX
Venture Exchange and the satisfaction or waiver of conditions to
closing. Following completion of the Transaction, the common shares
of Imperial will be delisted from the TSXV. Royal also intends to
apply to the applicable securities regulatory authorities for an
order declaring Imperial to no longer be a reporting issuer in each
of its reporting jurisdictions upon closing the Transaction.
About Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land
in southwestern and south-east Saskatchewan. All of Royal's 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.
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 news release includes certain statements that may be
deemed to be forward-looking statements or forward-looking
information under applicable Canadian securities legislation
(together, the "forward-looking statements") that may not be based
on historical fact, including without limitation, statements
containing the words "believe", "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "potential" and
similar expressions. Forward-looking statements are necessarily
based on estimates and assumptions made by management of the
Company in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as the factors we believe are appropriate.
SOURCE Royal Helium Ltd.