Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) told investors it has increased the size of its previously announced marketed offering to $5,175,000 in aggregate gross proceeds.
The company said in a statement that the offering is expected to close in two tranches, with the first tranche being for $4,500,000 and the second tranche being for $675,000. It said it is expected to enter into an underwriting agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Cormark Securities Inc and Eight Capital.