공시 • Jul 26
Imperial Helium Common Shares to Be Deleted from OTC Equity Imperial Helium Corp. Common Shares will be deleted from OTC Equity effective from July 26, 2022, due to Acquisition /Merger /Amalgamation. 공시 • Jul 16
Imperial Helium to be Delist from the TSX Venture Exchange Royal Helium Ltd. ("Royal" or the "company") announced that the Supreme Court of British Columbia issued a final order approving the previously announced acquisition by the company of Imperial Helium Corp. ("Imperial") by way of plan of arrangement (the "Transaction"). The Transaction remains subject to final approval by the TSX Venture Exchange and the satisfaction or waiver of conditions to closing. Following completion of the Transaction, the common shares of Imperial will be delisted from the TSXV. Royal also intends to apply to the applicable securities regulatory authorities for an order declaring Imperial to no longer be a reporting issuer in each of its reporting jurisdictions upon closing the Transaction. 공시 • Jun 21
Imperial Helium Corp. Announces Resignation of David Johnson from the Company's Board of Directors Imperial Helium Corp. announced that Dr. David Johnson has stepped down from the Company's Board of Directors effective immediately, but will continue to serve as Imperials President and CEO until closing of the previously announced plan of arrangement with Royal Helium Ltd. 공시 • May 04
Royal Helium Ltd. (TSXV:RHC) entered into an agreement to acquire Imperial Helium Corp. (TSXV:IHC) from Management, insiders and directors of Imperial and others for CAD 23.4 million. Royal Helium Ltd. (TSXV:RHC) entered into an agreement to acquire Imperial Helium Corp. (TSXV:IHC) from Management, insiders and directors of Imperial and others for CAD 23.4 million on May 2, 2022. Pursuant to the Arrangement Agreement, Royal has agreed to acquire all of the issued and outstanding Imperial Shares (including Imperial Shares issuable on the vesting and conversion of preferred shares of Imperial) by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA") and the terms of a final order of the Supreme Court of British Columbia (the "Court") under Section 291 of the BCBCA. Pursuant to the terms of the Arrangement, shareholders of Imperial (the "Imperial Shareholders") will receive 0.614 (the "Exchange Ratio") of a Royal Share, for every Imperial Share held. Imperial Shareholders will retain a meaningful stake in the combined entity and exposure to the continued success of the combined company. Following the Arrangement, each outstanding warrant to purchase an Imperial Share (the "Imperial Warrants") outstanding shall receive upon the exercise of such Imperial Warrant, in lieu of each Imperial Share to which such holder was theretofore entitled upon such exercise, and for the same aggregate consideration payable therefor, the fraction of a Royal Share represented by the Exchange Ratio that the holder would have been entitled to receive as a result of the transactions contemplated by the Arrangement if, immediately prior to the effective time of the Arrangement, such holder had been the registered holder of the number of Imperial Shares to which the holder was theretofore entitled upon the exercise of such Imperial Warrant. Pursuant to the Arrangement, outstanding stock options to acquire Imperial Shares will be exchanged for options to acquire Royal Shares, at numbers and exercise prices adjusted for the Exchange Ratio, and exercisable for a period of 30 days following closing. The Arrangement Agreement includes break fee of CAD 1 million payable by Imperial to Royal pursuant to the terms of the Arrangement Agreement.
At closing, the board of directors of Royal will be increased to include one additional member from Imperial's board of directors and will be led by Royal's current Chairman, Andrew Davidson. Further, incumbent senior officers, management and employees of Royal shall be retaining their current positions after closing. Completion of the Arrangement is subject to a number of conditions being satisfied or waived by one or both of Royal and Imperial at or prior to closing of the Arrangement, including approval of the Imperial Shareholders, together with any requisite minority approvals, the receipt of all necessary regulatory and Court approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature. Management, insiders and directors of Imperial holding approximately 16% of the outstanding Imperial Shares on a diluted basis including outstanding performance shares have entered into support agreements under which they have agreed, among other things, to vote in favor of the Arrangement. The Arrangement Agreement has been approved by the board of directors of Royal and Imperial, and the board of directors of Imperial recommends that the Imperial Shareholders vote in favor of the Arrangement. It is expected that the special meeting of Imperial Shareholders (the "Meeting") to approve the proposed Arrangement will be held in the second half of June 2022 and, if approved at the Meeting, it is expected that the Arrangement would close shortly thereafter.
Haywood Securities Inc. has provided the board of directors of Imperial with an opinion to the effect that, as of the date of the Arrangement Agreement, the consideration to be received by the Imperial Shareholders under the Arrangement is fair, from a financial point of view, to such Imperial Shareholders. Cormark Securities Inc. is acting as the exclusive financial advisor to Royal with respect to the Arrangement. Bennett Jones LLP is acting as Royal's legal advisor. Eight Capital is acting as financial advisor to Imperial. Borden Ladner Gervais LLP is acting as Imperial's legal advisor. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Lead Director Peter Putnam was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Feb 04
Imperial Helium Corp. Confirms New Prospective Zone in the Steveville Structure and Commences the First of Two Production Tests Imperial Helium Corp. have confirmed the presence of helium in an additional zone on the Steveville Structure. Following the drilling, logging and casing of third well, IHC-Steveville-3 (12-12-020-12W4), The company has commenced the first of two planned 30-day production tests on the well which will be run consecutively to test two separate zones in the Beaverhill Lake formation. The two zones being tested are the new lower Sub-Salt Zone and the Blow-Out-Zone, which was previously production tested as first potential producing horizon in IHC-Steveville-2. Consistent with IHC-Steveville-2, IHC will engage an independent third-party to analyze the production test results from both the SSZ and BOZ in IHC-Steveville-3, which will be communicated as available. Upon commencing the first production test of the new SSZ, an immediate strong flow of gas to the surface was observed. The gas has a helium concentration of 0.51% based on initial gas analysis - approximately 19% higher than the concentration encountered from the BOZ in IHC-Steveville-2. Petrophysical results from IHC-Steveville-3 indicates a pay thickness of approximately 5.2 metres for the SSZ. SSZ has similar reservoir properties and characteristics to those found in the pay zone of the BOZ in IHC-Steveville-2. Gas analysis of the SSZ shows no presence of CO2, which is positive from an environmental impact perspective. Production testing of the SSZ will record pressures over a ten-day flow period followed by approximately 20 days of the well being shut-in. Upon completion of the 30-day test of the SSZ zone, Imperial will commence a 30-day test of the BOZ zone which will include a gas composition test to confirm helium concentrations within the BOZ in IHC-Steveville-3. As with production testing of the SSZ, tests of the BOZ will record pressures over a ten-day flow period followed by approximately 20 days of the well being shut-in. Because of the high reservoir quality of the BOZ, IHC will locate pressure recorders within IHC-Steveville-2 to determine if the BOZ in IHC-Steveville-2 and IHC-Steveville-3 are in pressure communication over a distance of 4.2kms. the BOZ tested in IHC-Steveville-2 is estimated to be capable of an absolute open flow rate of 22 mmcf/d, or sustained production of 5-8 mmcf/d for a period of three years before a gentle decline of approximately 15% per year commences and extends for an overall well life of 15 to 20 years based on current resource estimates. 공시 • Dec 09
Imperial Helium Corp. Announces Commencement of Drilling of IHC-Steveville-3 Well Imperial Helium Corp. confirmed that drilling has commenced on the Company’s second future producing helium well on the Steveville Structure, IHC-Steveville-3 at 12-12-020-12W4. Following receipt of the well license for the Company’s second future producing helium well, IHC-Steveville-3 (12-12-020-12W4) was spud on December 6th. To date, IHC has drilled two wells, IHC-Steveville-1 and IHC-Steveville-2, which have further defined the geological structure and validated the superior reservoir quality that was first encountered by the Steveville Discovery Blow-out well in 1940. With an improved understanding of the Steveville Structure provided by previously drilled well data, log analysis of existing wells, and seismic interpretation of area geology, IHC selected the location for IHC-Steveville-3. The well is being drilled on a second structural high point, similar and connected to the original Steveville Discovery Blow-out. IHC plans to drill IHC-Steveville-3 to a total depth of approximately 1,680 metres over an estimated 20 to 22 days, taking into account the Christmas holiday. The IHC-Steveville-3 well will twin the existing 16-11-020-12W4 well, originally drilled in 1974. The formation characteristics of the identified production interval in the 16-11 well strongly parallel those found in IHC-Steveville-2 well, enhancing the probability for success. Subsequent to drilling, logging and casing of IHC-Steveville-3, expect to proceed with a minimum of two production tests, in multiple zones, over an eight-to ten-week period. The IHC-Steveville-2 well will be first producing well once brought on-stream, which is anticipated by the end of 2022. Independent production test analysis indicates that IHC-Steveville-2 is capable of producing 5-8MMcf/d, at sustained rates, for more than three years. Based on this analysis, after three or more years, anticipate the well would exhibit normal natural decline rates of approximately 15% annually over a 15-plus year field life. IHC is also in the process of securing an offtake agreement, which will represent another critical milestone on IHC’s path to producing commercial volumes of helium before the end of 2022, further details of which will be provided as agreements are finalized. IHC’s Steveville Structure property is situated over a large basement dome feature with four-way closure. The property is approximately 200Km east of Calgary and 40Km northeast of Brooks where highways 544/876 cross the structure, providing easy access for drilling and development. The property includes 24,635 hectares (95 square miles) of land leased from Heritage Royalty Resource Corporation, with rights for natural gas (including helium) below the base of the Big Valley and Nisku formations. In the winter of 1940, the first deep well to be drilled in the area was 13-22-020-12W4, which, owing to a mechanical failure on surface, resulted in the ‘Steveville blow-out’. Four subsequent wells that were drilled exploring for hydrocarbons, 08-22-020-12W4 (1947); 14-11-020-11W4 (1953); 16-11-020-12W4 (1974) referenced above; and 01-24-020-11W4 (2002) confirming both the Steveville Structure and the Steveville East Structure. IHC has acquired 3-D seismic to provide an improved understanding of the basement structure. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Steve Burleton was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 01
Imperial Helium Corp. Commences Production Testing of the Steveville Project Imperial Helium Corp. announced that field operations have commenced to complete and evaluate the commercial viability of a number of promising zones in the first appraisal well, IHC-Steveville-1 (102/03-01-020-12W4) at the Steveville Helium Property, in South Eastern Alberta. IHC-Steveville-1, reached a total depth of 2167.46m (PBTD) and penetrated the crest of the structure, as expected. Preliminary petrophysical analysis of well-logs confirms the presence of a 152m section of the Beaverhill Lake Formation. The depth and thickness of the gas saturated intervals calculated from logs are in-line with pre-drill estimates and are consistent with those identified in the 13-22-020-12W4 (Steveville Blowout) and 4 other wells which penetrate the Steveville structure. The production testing program is designed to assess Helium concentration, gas composition, reservoir quality and potential production rates from multiple zones. 공시 • Aug 05
Imperial Helium Announces Spud of Second Well at the Steveville Property Imperial Helium Corp. announced it has spud IHC-Steveville-2 at 103/10-22-020-12W4M, Imperial Helium’s second well on its Steveville Helium Property, located in Southeastern Alberta, on schedule. IHC-Steveville-2 is the second of two appraisal wells Imperial Helium plans to drill on the Steveville structure. This second well at 103/10-22-020-12W4 targets the crest of the Steveville structure adjacent to where 13-22-020-12W4 penetrated the structure in the winter of 1940. IHC-Steveville-2 will set surface casing, drill forward and set intermediate casing below the Nisku Formation, before continuing on to a TVD of 2,170 metres. Upon reaching the objective a comprehensive suite of well logs will be acquired and evaluated, before completing the well and proceeding with production testing. The objective of this second appraisal well is to confirm helium concentrations and flow rates established by the historic blow-out in 1940. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Co-Chairman of the Board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. 공시 • Jul 29
Imperial Helium Corp. Completes Drilling First Well on the Historic Steveville Structure Imperial Helium Corp. announced it has successfully drilled, logged, and cased its first well, IHC-Steveville-1(102/03-01-020-12W4), on its historic Steveville Helium asset, in South Eastern Alberta. As soon as is practical, the Company will commence completion and production testing of IHC-Steveville-1, and begin field-operations in preparation for drilling IHC-Steveville-2 (103/10-22-020-12W4). IHC-Steveville-1, Imperial Helium’s first appraisal well of the Steveville structure reached a total depth of 2167.46m (PBTD) and penetrated the crest of the structure, as expected. Preliminary petrophysical analysis of well-logs confirms the presence of a 152m section of the Beaverhill Lake Formation. The depth and thickness of the gas saturated intervals calculated from logs are in-line with pre-drill estimates and are consistent with those identified in the 13-22-020-12W4 (Steveville Blowout) and 4 other wells which penetrate the Steveville structure. Imperial Helium’s Steveville property is situated over a large basement dome feature with four-way closure. The property is approximately 200Km east of Calgary and 40Km northeast of Brooks where highways 544/876 cross the structure, providing easy access for drilling and development. The property includes land leased from Heritage Royalty Resource Corporation covering 24,635 hectares (95 square miles), with rights for natural gas (including helium) below the base of the Big Valley and Nisku formations. In the winter of 1940, the first deep well to be drilled in the area was 13-22-020-12W4, which, owing to a mechanical failure on surface, resulted in the Steveville blow-out. The blow-out is estimated to have flowed at 50 MMcf/d for 100 days based on government well files and multiple articles published by the Calgary Herald in February and March, 1940. After the well was brought under control, drilling resumed followed by production testing which came in at six million cubic feet a day (6MMCf/d) of non-burnable gas (87% nitrogen 0.63% helium). Four subsequent wells, drilled exploring for hydrocarbons, 08-22-020-12W4 (1947), 14-11-020-11W4 (1953), 16-11-020-12W4 (1974), and 01-24-020-11W4 (2002) confirm the structure. Imperial Helium has acquired seismic to provide an improved understanding of the basement structure and select drilling locations. 공시 • Jul 07
Imperial Helium Announces Spud of Initial Well at the Steveville Property Imperial Helium Corp. announced it has spud IHC Steveville 1 at 102/03-01-020-12W4M, Imperial Helium's first well on its Steveville Helium Property, located in Southeastern Alberta, on schedule. IHC Steveville 1 is the first of two appraisal wells Imperial Helium plans to drill on the historic Steveville structure. This first well targets the crest of the Steveville structure. With surface casing set, the rig will drill forward and set intermediate casing in the Stettler Formation, before continuing on to a target depth of 2,047 metres. Upon reaching the target objective a comprehensive suite of well logs will be acquired and evaluated, before completing the well and proceeding with production testing. The objective of this first appraisal well is to confirm helium concentrations and flow rates from the Steveville structure established by the historic blow-out in 1940. The well following IHC Steveville 1 will approximately twin the Steveville blow-out.