Helium One Global Ld - Exercise of Warrants and Issue of Equity

Helium One Global

11/07/2023 07:00

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RNS Number : 5668F  Helium One Global Ltd  11 July 2023

 

11 July 2023

 

Helium One Global Ltd

Exercise of Warrants and Issue of Equity

Helium One Global Ltd (AIM:HE1) ("Helium One" or "the Company") announces that
it has issued 587,457 new ordinary shares in the Company to a service provider
in lieu of cash payment. Application will be made for the admission of the new
Ordinary Shares to trading on AIM ("Admission"). The Shares will rank pari
passu with the existing Ordinary Shares and it is expected that Admission will
become effective at 8.00 a.m. on Friday 14 July 2023.

Following Admission, the Company's issued share capital will consist of
820,866,459 Ordinary Shares with voting rights.  Helium One does not hold any
Ordinary Shares in treasury. This figure of 820,866,459 may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they require to notify their interest in, or a change
to their interest in, the share capital of the Company under the UK Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

For further information please visit the Company's website: www.helium-one.com
(http://www.helium-one.com)

 

Contact

 Helium One Global Ltd                                         +44 20 7920 3150

 Lorna Blaisse, CEO

 Liberum Capital Limited (Nominated Adviser and Joint Broker)  +44 20 3100 2000

 Scott Mathieson

 Ed Thomas

 Nikhil Varghese

 Peterhouse Capital Limited (Joint Broker)                     +44 20 7220 9792

 Lucy Williams

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian - Neal

 

 

 

 

Notes to Editors

Helium One was founded in September 2015 to explore, develop, and ultimately,
become a producer of low-carbon helium, a critical material that is essential
in many modern technologies.

Helium One has identified a globally unique, large-scale, high-grade, primary
helium project in Tanzania with the potential to become a strategic asset in
resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the
Tanzanian Craton.  The Company has secured 18 Prospecting Licences covering
more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and
Eyasi projects. These are located near surface seeps with helium
concentrations ranging up to 10.6% He by volume.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin
covering 3,448km(2) in south-west Tanzania.  The project is considered to be
an advanced exploration project with a portfolio of leads and prospects
defined by high-resolution gravity gradiometry, and modern and historic 2D
seismic. The Rukwa Project has been de-risked by the 2021 drilling campaign,
which identified reservoir and seal with multiple prospective intervals from
basin to near surface within a working helium system.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource
of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project
has potentially strategic global implications with the ability to
significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close
proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the
ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

 

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