BRIEF-RHC Capital Corp Announces Entering Into Of Letter Of Intent
Published Aug 31, 2018 09:12
BRIEF-RHC Capital Corp Announces Entering Into Of Letter Of Intent
Aug 31 (Reuters) - RHC Capital Corp RHC.V :
* RHC CAPITAL CORPORATION ANNOUNCES THE ENTERING INTO OF A LETTER OF INTENT IN CONNECTION WITH A PROPOSED REVERSE TAKE-OVER TRANSACTION AND SPIN-OUT OF SASKATCHEWAN HELIUM ASSETS
* RHC CAPITAL - CO TO DIVEST 100% OF SHARES OF UNIT, ROYAL HELIUM TO SHAREHOLDERS PROPORTIONATE TO OWNERSHIP INTEREST IN CO
* RHC CAPITAL - ROYAL HELIUM TO CONTINUE OPERATING AS SEPARATE & PRIVATE HELIUM EXPLORATION CO
* RHC CAPITAL - TO ACQUIRE ALL OF COMMON SHARES OF SKRUMBLE IN EXCHANGE FOR COMMON SHARES OF RHC (ON A POST-CONSOLIDATION BASIS)
* RHC CAPITAL - AFTER DEAL RESULTING CO TO CONTINUE BUSINESS AND OPERATIONS OF SKRUMBLE
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Written By: Reuters
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