On December 14, 2023, Royal Helium Ltd. closed the transaction. The company issued 2,812,500 units for gross proceeds of CAD 675,000 in its second and final tranche. Each warrant shall entitle the holder thereof to purchase one common share until November 14, 2026.

The company paid a cash commission of CAD 40,500 as well as 168,750 broker warrants. Each broker warrant is exercisable to acquire one unit for CAD 0.24 and exercisable on or before November 14, 2026. The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on November 7, 2023.

The transaction included participation from one placee.