Royal Helium to raise up to $4.5M in convertible debenture offering
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Royal Helium Ltd plans to raise up to C$4.5 million through a non-brokered private placement of convertible debenture units, involving up to 13,520 units priced at C$1,000 each.
December 03, 2024 | 3:00 pm
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Royal Helium Ltd is raising up to C$4.5 million through a private placement of convertible debenture units, which could impact its financial flexibility and future growth.
The capital raise through convertible debentures can provide Royal Helium with additional funds for expansion or operational needs, potentially leading to positive short-term sentiment. However, the issuance of convertible debentures may also lead to future dilution if converted into equity.
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