SASKATOON, SK and CALGARY, AB, May 2, 2022 /CNW/ - Royal Helium Ltd. (TSXV:RHC.VN) ("Royal") and Imperial Helium Corp. (TSXV:IHC.VN) ("Imperial" or "IHC") are pleased to announce that they have entered into an agreement dated May 2, 2022 (the "Arrangement Agreement") to effect the arm's length acquisition of Imperial by Royal through a plan of arrangement (the "Arrangement"). Under the terms of the Arrangement, Imperial Shareholders (as defined herein) will receive 0.614 of a Royal common share (each whole share, a "Royal Share") for each Imperial common share ("Imperial Share") held, which equates to a 10.01% premium to Imperial shareholders based on the closing price for Imperial and Royal on April 29, 2022.
Read more at newswire.caROYAL HELIUM LTD. ENTERS INTO AGREEMENT TO ACQUIRE IMPERIAL HELIUM CORP.
Newswire.ca - Press Release
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