SASKATOON, SK, Feb. 9, 2024
/CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT.A) (OTCQB:
RHCCF) ("Royal" or the "Company") announces that,
subject to regulatory approval, it has engaged the services of ICP
Securities Inc. ("ICP") to provide automated market-making
services, including use of its proprietary algorithm, ICP Premium™,
in accordance with TSX Venture Exchange policies. ICP will trade
shares of the Company on the TSXV and all other trading venues with
the objectives of maintaining a reasonable market and improving the
liquidity of the Company's common shares.
Under the agreement, ICP will receive compensation of
$7,500 per month. The agreement is
for an initial term of four months and will renew for additional
one-month terms unless terminated. The agreement may be terminated
by either party with a 30 days' notice. There are no performance
factors contained in the agreement and ICP will not receive shares
or options as compensation. ICP and the Company are unrelated and
unaffiliated entities.
About ICP Securities
Inc.
ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that
specializes in automated market making and liquidity provision, as
well as having a proprietary market making algorithm, ICP Premium™,
that enhances liquidity and quote health. Established in
2023, with a focus on market structure, execution, and trading, ICP
has leveraged its own proprietary technology to deliver high
quality liquidity provision and execution services to a broad array
of public issuers and institutional investors.
About Royal Helium Ltd.
Royal is an exploration, production and infrastructure company
with a primary focus on the development and production of
helium. 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 has
a low GHG footprint when compared to 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.