Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces that pursuant to blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada as a result of the COVID-19 pandemic, Royal is postponing the filing and delivery, as applicable, of the following continuous disclosure documents of the Company (the “Annual Filings”):
- the annual financial statements for the year ended December 31, 2019, as required by Part 4 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”);
- the management discussion and analysis for the year ended December 31, 2019, as required by Part 5 of NI 51-102; and
- the certifications of the annual financial statements for the year ended December 31, 2019, as required by section 4.1 of National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings.
The Company expects to file and deliver, as applicable, the Annual Filings on or about June 15, 2020, as it is afforded a postponement of up to 45-days pursuant to the blanket relief granted to all market participants under applicable securities law. Other than as disclosed in the Company’s press releases, there have not been any material business developments since the date that last financial statements of the Company were filed. The Company confirms that its management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a black-out period until the commencement of the second trading day after the Annual Filings have been disclosed by way of a news release.
Royal Helium Ltd.
Royal has over 400,000 acres of prospective helium land in south western and south-central Saskatchewan. All of Royals’ lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. With stable, rising prices and limited, non-renewable sources for helium worldwide, Royal intends to become a leading North American producer of this high value commodity.