SASKATOON, SK, June 29, 2023 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (OTCQB: RHCCF) ("Royal" or the "Company") is pleased to announce that that its wholly-owned subsidiary, Imperial Helium Corp. ("Imperial"), has agreed to acquire a significant new project located in the vicinity of the Company's Steveville asset in southern Alberta from an arm's-length private company (the "Vendor"). Pursuant to the terms of a purchase and sale agreement among Royal, the Vendor and Imperial (the "Purchase and Sale Agreement") Imperial has now exercised its sole and exclusive one-time option to purchase the Asset pursuant to the terms of a revised seismic review and option to purchase agreement between Imperial and the Vendor.
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