Welcome to our dedicated page for Royal Helium Can news (Ticker: RHCCF), a resource for investors and traders seeking the latest updates and insights on Royal Helium Can stock.
Royal Helium Ltd. (RHCCF) generates news that spans corporate restructuring, financing activity, strategic partnerships and operational updates related to its helium-focused exploration, production and infrastructure business. The company’s disclosures emphasize prospective helium permits and leases across Southern Saskatchewan and southeastern Alberta, as well as processing infrastructure at the Steveville plant facility and associated pipelines.
Recent news has highlighted Royal Helium’s efforts to address its capital structure and creditor obligations through formal processes under Canadian insolvency legislation. Items such as the filing of a notice of intention to make a proposal under the Bankruptcy and Insolvency Act, participation in Companies’ Creditors Arrangements Act proceedings, and related court-supervised steps are central themes in the company’s announcements. These updates provide insight into how Royal Helium is working to maintain its operations and pursue a going-concern outcome while managing financial pressures.
Another key strand of coverage involves the reverse takeover transaction with Keranic Industrial Gas Inc., implemented through a three-cornered amalgamation and reverse vesting order. News releases describe the mechanics of this transaction, including the transfer of liabilities, retention of assets, creation of a new wholly owned subsidiary, share consolidation, and the introduction of new share classes. Financing details, such as subscription receipt offerings, common share offerings and the issuance of warrants, are also prominent.
Royal Helium’s news flow further covers its relationship with a strategic investor affiliated with AirLife Gases Private Limited. Announcements outline the investor’s participation in financings, its resulting ownership position, and its rights to nominate a majority of Royal’s board, hold corporate naming rights (subject to approvals), and negotiate exclusive offtake arrangements for helium and specialty gases. Additional items include decisions to cancel a previously announced private placement, board changes, and the election to issue common shares in satisfaction of interest payments on senior unsecured convertible debentures.
Investors and observers who follow Royal Helium’s news can track developments related to its restructuring progress, corporate transactions, capital markets activity, governance changes and plans for restarting and ramping production at the Steveville plant facility. This page aggregates these announcements in one place for users seeking detailed company-specific updates.
Royal Helium Ltd. (RHCCF) announced completion of a reverse takeover by Keranic Industrial Gas and exit from CCAA proceedings on November 28, 2025.
Key transaction steps: an 8:1 share consolidation, amendment to create Class A voting and Class B non-voting shares, termination of pre-closing debentures/options/warrants, and a three‑cornered amalgamation that transferred Target Companies' assets to Keranic while vesting most liabilities in ResidualCo.
- Financings: 7,030,000 subscription receipts at $0.50 and 75,901,328 Keranic shares at $0.02108 funded the deal.
- Strategic investor: AirLife affiliate invested $2,000,000 (subscription receipts) plus $930,000 (share offering) and acquired additional shares to hold ~52.9% of fully diluted Class A shares.
- Operations: ~600,000-acre land position and Steveville plant with 15,000 Mcf/day processing capacity; restart targeted in 12 weeks, full capacity within 10 months.
Royal Helium (TSXV: RHC) (OTCQB: RHCCF) has announced the cancellation of its previously announced private placement offering of debenture units from December 2, 2024. On January 20, 2025, the company filed a notice of intention under the Bankruptcy and Insolvency Act (BIA) after failing to secure an out-of-court restructuring solution.
The company's directors determined that filing for BIA protection was the best course of action for the company and its stakeholders after reviewing all financing options. Existing debentureholders of both 14% convertible debentures (due December 31, 2025) and 12% convertible debentures (due June 30, 2025) will retain their holdings under existing terms, with all previous tender consents becoming void.
Additionally, board member Karl Kurz has resigned with immediate effect.
Royal Helium (TSXV: RHC) (OTCQB: RHCCF) and its subsidiaries have filed for creditor protection under the Bankruptcy and Insolvency Act (BIA). The company had been seeking an out-of-court restructuring solution, including attempts to raise capital for working capital needs, creditor obligations, and re-commissioning of the Steveville Helium Facility.
The BIA filing includes a stay of proceedings and the appointment of Doane Grant Thornton LLP as proposal trustee. The company will work with the trustee to streamline operations and conduct a Court-supervised sales process to maximize asset value for stakeholders. The board of directors will remain in place, with management continuing day-to-day operations under trustee oversight.
The company faces potential delisting review by TSX Venture Exchange. Additionally, the company's VP of Geology and acting COO, Shayne Neigum, has resigned to pursue other opportunities.
Royal Helium (TSXV: RHC) (OTCQB: RHCCF) has announced its decision to issue 19,446,667 common shares at $0.030 per share to satisfy interest payments on two convertible debentures. The company will issue 9,846,667 shares for the 14% Debentures ($4,220,000 principal) and 9,600,000 shares for the 12% Debentures ($4,800,000 principal). The interest payments amount to $295,400 for the 14% Debentures and $288,000 for the 12% Debentures, both due December 31, 2024. This share issuance is subject to TSX Venture Exchange approval and follows the terms of debenture indentures dated February 8 and June 12, 2023.