PUNE, India, Nov. 29, 2025 (GLOBE NEWSWIRE) -- Airlife Gases Private Limited (“AirLife”) is pleased to announce that it has completed the acquisition, through a wholly-owned subsidiary, of a total of 79,901,328 Class A common voting shares (the “Common Shares”) of Royal Helium Ltd. (“Royal Helium”) and 4,000,000 share purchase warrants of Royal Helium (“Warrants”), representing approximately 52.9% of the issued and outstanding Common Shares on a fully-diluted basis. Each Warrant can be exercised to purchase ...

Core Insights - AirLife Gases Private Limited is participating in a private placement of subscription receipts of Keranic Industrial Gas Inc. to support Keranic's growth plans and its proposed combination with Royal Helium Inc. [1][3] - The transaction will result in Royal Helium acquiring all issued and outstanding shares of Keranic, with the new entity expected to pursue a listing on a recognized Canadian stock exchange [3][4] - AirLife is expected to become a significant shareholder of the resulting issuer and plans to enter into an investor rights arrangement [5][6] Company Strategy - The transaction marks a significant milestone for AirLife as it transitions from a global distributor to an integrated helium producer, enhancing its role across the value chain [6][7] - AirLife aims to leverage its logistics and customer infrastructure to deliver end-to-end supply solutions, thereby strengthening supply security and reducing reliance on third-party producers [7][8] - The combination of AirLife's distribution expertise with Royal Helium's assets is expected to enhance supply reliability and deliver long-term value to customers [6][8] Industry Context - The transaction involves Royal Helium's four core areas with multiple helium discoveries across approximately 600,000 acres in Saskatchewan and Alberta, which is strategically significant for helium production [4] - The Steveville plant facility, capable of processing 15,000 Mcf/day of raw gas, is expected to restart production within 12 weeks following the transaction's completion [4] - This development is poised to support job creation, industrial expansion, and long-term energy diversification in Alberta [4]

Group 1: Strategic Investments and Offerings - Keranic Industrial Gas has announced a private placement of subscription receipts at a price of $0.50 per receipt, aiming for up to $3,500,000 in gross proceeds, with a strategic investor contributing $2,000,000 [1][4] - A subsequent private placement is planned for $1,600,000, led by the strategic investor, bringing total gross proceeds to $5,100,000 [1][6] Group 2: Amalgamation Agreement and Transaction Details - Keranic has entered into a definitive amalgamation agreement with Royal Helium Ltd. and its subsidiaries for a business combination, pending court approval [2][24] - The transaction involves Royal Helium's four core areas with significant helium discoveries across approximately 600,000 acres in Saskatchewan and Alberta, including the Steveville plant capable of processing 15,000 Mcf/day of raw gas [3][25] Group 3: Strategic Investor Profile - The strategic investor is a multi-national supplier of helium and specialty gases, serving high-growth sectors such as healthcare and aerospace, with a strong distribution network and long-term partnerships with helium producers [8][9] - Following the transaction, the strategic investor is expected to own 32.9% of the resulting issuer and will have the right to nominate directors and secure corporate naming rights [10][11] Group 4: Core Areas and Production Plans - The Steveville facility has been operational since December 2023, delivering high-purity helium to the aerospace and defense sectors, with plans to restart production within 12-15 weeks post-transaction [12][13] - The 40 Mile project has shown exceptional helium flow rates during testing, with multiple drilling targets identified [15][17] Group 5: Financial and Operational Plans - The net proceeds from the offering will be used to fund the transaction and recommission the Steveville facility [19] - The transaction will be funded through a combination of a secured term loan and equity offering, with completion subject to court approval and other customary conditions [27]