SASKATOON, SK, Aug. 17,
2022 /CNW/ - Royal Helium Ltd. ("Royal" or the
"Company") (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to
announce its intention to seek a secondary listing of its common
shares on the London Stock Exchange's AIM market ("AIM") alongside
its current listing on the TSX Venture Exchange, subject to the
preparation and acceptance of all the requisite documentation. The
Company has engaged Strand Hanson Limited of London, UK to act as the Company's Nominated
Advisor (NOMAD) on the proposed listing.
Andrew Davidson, President, and
Chief Executive Officer comments, "Helium usage and its supply
constraints are global in nature, and we believe that expanding our
shareholder base to Europe will be
beneficial to unlocking the value of Royal's assets at this pivotal
juncture as we move toward production and sales alongside our
exploration activities. We are looking forward to the increased
liquidity, market size and investor exposure potential of an added
international listing."
Royal will hold its annual general and special meeting of
shareholders on September 14, 2022,
which will include matters amending the Articles of the Company in
preparation for the secondary listing. A management information
circular and related meeting materials will be shortly sent to
shareholders and filed on SEDAR at www.sedar.com
Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land
across southern Saskatchewan and
Alberta. 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Neither the 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 news release.
This news 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. Forward-looking statements included in
this news release include the Company's intention to seek a
secondary listing on AIM and that such a listing would improve
liquidity, market size and investor exposure. 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, including the "Risk Factors" section of the
Company's annual information form.
SOURCE Royal Helium Ltd.