REG - Helium One Global Ld - Issue of Equity

Helium One GlobalAnnouncement

10/12/2024 07:00

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RNS Number : 3927P  Helium One Global Ltd  10 December 2024

 

10 December 2024

Helium One Global Ltd

("Helium One" or "the Company")

Issue of Equity in lieu of Cash to Service Provider

Helium One Global Ltd (AIM:HE1) announces that it has issued 15,716,113
ordinary shares in the Company to a service provider in lieu of cash payment.
This was for the provision of services during the recent Extended Well Test,
and the arrangement was agreed with the service provider prior to the
commencement of the EWT operation.

Application will be made for the admission of the 15,716,113 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 13 December 2024.

Following Admission, the Company's issued share capital will consist of
5,921,426,876  ordinary shares with voting rights.  Helium One does not hold
any ordinary shares in treasury. This figure of 5,921,426,876   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

 Graham Jacobs, Finance and Commercial Director

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

 Scott Mathieson

 Nikhil Varghese

 Zeus Capital Limited (Joint Broker)                           +44 20 3829 5000

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian-Neal

 

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting
licences across two distinct project areas, with the potential to become a
strategic player in resolving a supply-constrained helium market.

The Rukwa and Eyasi projects are located within rift basins on the margin of
the Tanzanian Craton in the north and southwest of the country. These assets
lie near surface seeps with helium concentrations ranging up to 10.4% helium
by volume. All Helium One's licences are held on a 100% equity basis.

The Company's total acreage in Tanzania is 1,372 km(2) and its flagship
southern Rukwa Project is located within the southern Rukwa Rift Basin in
south-west Tanzania.  This project is considered to be entering an appraisal
stage following the success of the 2023/24 exploration drilling campaign,
which proved a helium discovery at Itumbula West-1 and, following an extended
well test, successfully flowed 5.5% helium continually to surface in Q3 2024.

Following the success of the extended well test, the Company has now flowed
significant quantities of helium to surface and has filed a Mining Licence
application with the Mining Commission of the Tanzanian Government.

The Company also owns a 50% working interest in the Galactica-Pegasus helium
development project in Las Animas County, Colorado, USA. This project is
operated by Blue Star Helium Ltd (ASX: BNL).

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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