REG - Helium One Global Ld - Correction and TVR

Helium One GlobalAnnouncement

22/12/2023 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231222:nRSV8259Xa&default-theme=true

RNS Number : 8259X  Helium One Global Ltd  22 December 2023

 

22 December 2023

Helium One Global Ltd

("Helium One" or the "Company")

Correction and TVR

 

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania,
announces a correction to its announcement dated 21 December, 2023, correcting
the number of Fee Shares that was initially disclosed on that date.

In addition to the 2,420,842,500 Fundraise Shares the Company will also issue
25,078,500 Ordinary Shares at the Issue Price in lieu of certain advisory fees
(the "Fee Shares").

Admission and Total Voting Rights

Application has been made for the Fundraise Shares and the Fee Shares, being
2,445,921,000 Ordinary Shares, to be admitted to trading on AIM ("Admission").
It is anticipated that trading in the new shares will commence on AIM at or
around 8.00 a.m. on 28 December 2023. The Fundraise Shares and the Fee Shares
will rank pari passu with the existing Ordinary Shares in issue.

Following Admission, the Company's issued and fully paid share capital will
consist of 3,402,377,430 Ordinary Shares, all of which carry one voting right
per share. The Company does not hold any Ordinary Shares in treasury.
Following Admission, the figure of 3,402,377,430 Ordinary Shares may be used
by shareholders as the denominator for the calculation by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company, under the Disclosure Guidance and Transparency
Rules.

Capitalised terms not defined in this announcement have the meaning given to
them in the Launch Announcement.

For more information please 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

 Charles Goodfellow

 Duncan Vasey

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian - Neal

 

Notes to Editors

Helium One Global, the AIM-traded Tanzanian explorer, holds prospecting
licences totalling 2,965km(2) across three distinct project areas, with the
potential to become a strategic player in resolving a supply-constrained
helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the
margin of the Tanzanian Craton in the north and southwest of the country. The
assets lie near surface seeps with helium concentrations ranging up to 10.6%
He by volume. All Helium One's licences are held on a 100% equity basis and
are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin
covering 1,899km(2) in south-west Tanzania. The project is considered to be an
advanced exploration project with leads and prospects defined by a subsurface
database including multispectral satellite spectroscopy, airborne gravity
gradiometry, 2D seismic data, and QEMSCAN analysis. 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.

In July 2023, Helium One acquired their own exploration drill rig, an Epiroc
Predator 220 oil and gas type rig, capable of drilling to depths of 2,400m.
The rig was shipped to Tanzania in order to commence Phase II drilling
operations.

Helium One is traded 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TVRTTBTTMTITBIJ