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Imperial Helium Corp is pleased to announce a Bridge Financing Round of CAD$1.0m

December 1, 2020  |   by   Imperial Helium 
Announcements

Imperial Helium Corp. is pleased to announce a CAD$1.0m financing opportunity. The offer is in the form of Unsecured Convertible Debt and will be used to pay for the recently announced lease acquisition, IPO costs and production testing expenses.

Key terms of the deal include:

  • Value: CAD$1.0m
  • Security: Unsecured Convertible Debt
  • Yield: 10% yield
  • Term: 18 months from close
  • Conversion Mechanism: Automatic conversion to common equity upon IPO at a 20% discount to IPO price
  • Restrictions: Free trading on IPO

“The announced financing of CAD$1.0m will enable the Company to finalize the lease for it’s foundational asset. This acquisition is a tremendous step in creating value for our seed investors. Following on from the bridge financing, we anticipate raising funds in the first quarter of 2021 and completing our production tests on the foundation asset shortly thereafter. There is huge potential in the helium resource sector. We have a plan, and these actions in fulfilment of our plan, signify that Imperial Helium will part of developing the helium resource sector” said David Johnson, CEO.

The financing is open to Accredited Investors in Canada as well as globally and interested parties are encouraged to contact Kyle Hookey (khookey@imperialhelium.ca and +1 236 668 1594) for further information on the Bridge transaction as well as the envisaged IPO.