Vancouver, British Columbia, July 15, 2022 (GLOBE NEWSWIRE) — Imperial Helium Corp. (TSXV: IHC) (the “Company” or “Imperial”) is pleased to announce that it has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement with Royal Helium Ltd. (“Royal”) under the provisions of the Business Corporations Act (British Columbia) (the “Arrangement”) pursuant to which, Royal will acquire all of the issued and outstanding shares of Imperial (the “Imperial Shares”). Shareholders will receive 0.614 of a Royal common share (each whole share, a “Royal Share”) for each Imperial Share held (the “Consideration”). Receipt of the final order follows approval of the Arrangement by shareholders of Imperial (the “Imperial Shareholders”) at its special meeting of Imperial Shareholders on July 12, 2022.
Assuming the satisfaction of all conditions, closing of the Arrangement is expected to occur on or about July 22, 2022. Upon closing of the Arrangement, Imperial Shareholders will be entitled to receive the Consideration in exchange for each Imperial Share held. Registered Imperial Shareholders can submit their share certificates and DRS advices along with a duly completed letter of transmittal in order to receive the Consideration under the Arrangement.
Further information about the Arrangement is available in the management information circular dated June 3, 2022 and related proxy materials, which are…
