Royal Helium Announces Delayed Continuous Disclosure Filings Pursuant to Blanket Exemption Orders
May 29, 2020
SASKATOON, SASKATCHEWAN - (Cision – May 29, 2020) 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 interim financial statements for the 3 month period ended March 31, 2020, as require by Part 4 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”);
• The interim management discussion and analysis for the 3-month period ended March 31, 2020, as required by Part 5 of NI 51-102; and
• The certifications of the interim financial statements for the 3-month period ended March 31, 2020 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 and Interim 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.
The Company confirms that there have been no material undisclosed events in the 30 day period since it announced its initial reliance on the 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.
The Company further 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 is focused on the exploration and development of primary helium production in southern Saskatchewan. With Over 400,000 acres of prospective helium lands, Royal is currently one of the largest helium leaseholders in North America. Located next to highways, roads, cities and, importantly, close to existing oil and gas infrastructure, Royals projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.
For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.
Andrew Davidson, CEO
Royal Helium Ltd.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include statements relating to the expected timing of the Annual Filings. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties as a result of the global Covid-19 pandemic as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Neither 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.