RHC Capital Corporation Announces the Termination of the Proposed Reverse Take-Over Transaction
SASKATOON, Saskatchewan, Oct. 16, 2018 (GLOBE NEWSWIRE) -- RHC Capital Corporation ("RHC" or the "Company") (TSXV: RHC) announces that it and Skrumble Technologies Inc. have agreed to terminate the proposed reverse takeover transaction dated August 20, 2018. RHC, through its wholly owned subsidiary Royal Helium Corporation, will operate and continue with the exploration and development of its substantial helium land holdings in southern Saskatchewan.
Royal Helium Corporation
Royal Helium has 572 sections (366,217 acres) of prospective helium land in Saskatchewan that were acquired based on detailed evaluation of the highest known helium concentrations from existing well and geological data in Saskatchewan.
All of Royal Helium's lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure. With stable, rising prices and limited, non-renewable sources for helium worldwide, Royal Helium intends to become a leading North American producer of this high value commodity.
For more information, please contact Andrew Davidson, Chairman of the Company.
Andrew Davidson, Chairman
RHC Capital Corporation
1 (306) 281-9104
[email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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