SASKATOON, SK,
Jan. 19,
2024 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV:
RHC.WT.A) (OTCQB: RHCCF) ("Royal" or the "Company")
today announced that the Board of Directors has granted an
aggregate of 950,000 stock options (the "Options"),
5,963,635 performance share units (the "PSUs") and 909,070
deferred share units (the "DSUs") to certain directors,
officers and consultants of the Company under the Company's equity
incentive compensation plan (the "Plan"). The
Options, PSUs and DSUs are subject to the terms of the
applicable award agreements and the requirements of the TSX Venture
Exchange.
The Options are each exercisable to acquire one common share of
the Company (a "Common Share") at a price of $0.35 per share for a period of five years from
the date of grant. The PSUs and DSUs each entitle the holders
thereof to receive one Common Share subject to the terms and
conditions set forth in the PSU award agreements and DSU award
agreements entered into between the Company and the holders of the
PSUs and DSUs respectively. The Options vest immediately on the
date of grant and the PSUs and DSUs vest one year from the
date of grant.
About Royal Helium Ltd.
Royal is an exploration, production, and infrastructure company
with a primary focus on the development and production of helium
and associated gases. The Company controls over 1,000,000 acres of
prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable
global undersupplied nature of this critical and non-renewable
product, Royal is well positioned to be a leading North American
producer of this increasingly high value commodity.
Royal's helium reservoirs are carried primarily with nitrogen.
Nitrogen is not considered a greenhouse gas (GHG) and therefore the
plant has a low GHG footprint when compared to plants in other
jurisdictions that rely on large scale natural gas production for
helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90% less carbon intensive
than helium extraction processes in other jurisdictions.
Andrew Davidson
Chief Executive Officer
Royal Helium Ltd.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Royal Helium Ltd.