Royal Helium Announces Intention to Seek Secondary Listing on AIM
posted on
Aug 17, 2022 08:05AM
From Rockets to MRIs - A Multi-Use Gas in Short Supply
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 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.