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An announcement from Royal Helium ( (TSE:RHC) ) is now available.
Royal Helium Ltd. has announced the cancellation of its previously proposed private placement offering due to its recent decision to file for protection under the Bankruptcy and Insolvency Act. This move follows a review of financing options and is deemed to be in the best interests of the company and its stakeholders. Furthermore, the resignation of board member Karl Kurz has been accepted, acknowledging his valuable contributions during his tenure.
More about Royal Helium
Royal Helium Ltd. is an exploration, production, and infrastructure company focused on the development of helium and associated gases. It holds helium permits and leases across Southern Saskatchewan and southeastern Alberta. The company’s operations have a low greenhouse gas footprint, as their helium reservoirs are primarily carried with nitrogen, making their extraction process significantly less carbon-intensive compared to other regions.
YTD Price Performance: 0.0%
Average Trading Volume: 475,317
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.89M
For detailed information about RHC stock, go to TipRanks’ Stock Analysis page.
