Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) has announced 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 explorer and developer of helium properties said it has engaged Strand Hanson Limited of London, UK to act as its Nominated Advisor (NOMAD) on the proposed listing.
“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,” Royal Helium CEO Andrew Davidson said in a statement.
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“We are looking forward to the increased liquidity, market size and investor exposure potential of an added international listing,” Davidson added.
Royal Helium noted that it 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.
Royal Helium engages in the exploration and development of helium properties in Canada. It controls over one million acres of prospective helium land in southwestern and south-east Saskatchewan close to existing oil and gas infrastructure and a significant portion of its land in close proximity to existing helium-producing locations.
Contact Sean at sean@proactiveinvestors.com