Helium One Global Ltd Company Update (7726Q)
23 February 2023 - 6:00PM
UK Regulatory
TIDMHE1
RNS Number : 7726Q
Helium One Global Ltd
23 February 2023
23 February 2023
Helium One Global Ltd
("Helium One" or "the Company")
Company Update
Helium One Global (AIM: HE1), the primary helium explorer in
Tanzania, announces that, further to the announcement made by Noble
Helium (ASX:NHE) ("Noble"), the Company has entered into a
co-operation agreement with Noble, pursuant to which Helium One and
Noble have agreed to cooperate in sourcing and securing a suitable
drilling rig, associated services and arranging logistics as
required for the Company's proposed drilling campaign. This
agreement is not expected to impact the proposed drilling timeline
as outlined in the Company's AGM last week.
Also as announced on 9 February and following conclusion of AIM
Regulatory Due Diligence, Lorna Blaisse has been appointed to the
Board as an Executive Director of Helium One Global Ltd with
immediate effect.
The board have resolved to issue 8,000,000 options in aggregate
to subscribe for ordinary shares (the "Options"). The Options have
been issued as to 5,000,000 to Lorna Blaisse and 3,000,000 to Kai
Gruschwitz, the Company's new Technical Director. The Options will
vest in three equal tranches over the next 3 years and are
exercisable at 6.25p per share, a premium of 16.8% to the closing
share price on 22 February 2023, being the last practicable day
before the issuance of the Options.
For further information please visit the Company's website:
www.helium-one.com
Contact
Helium One Global Ltd
Ian Stalker, Non-Executive Chairman +44 20 7920
Lorna Blaisse, CEO 3150
Liberum Capital Limited (Nominated Adviser
and Joint Broker)
Scott Mathieson
Ed Thomas +44 20 3100
Nikhil Varghese 2000
Peterhouse Capital Limited (Joint Broker) +44 20 7220
Lucy Williams 9792
Tavistock (Financial PR)
Nick Elwes +44 20 7920
Tara Vivian - Neal 3150
Appendix - Schedule 2 (g) information pertaining to Lorna
Blaisse's appointment to the Board:
Lorna Blaisse, aged 39, has no other disclosable current or
previous directorships or partnerships. Lorna currently owns 40,000
ordinary shares in Helium One Global Ltd, representing 0.005% of
the Company's issued share capital, and has a total of 8,250,000
options to subscribe for ordinary shares (including those detailed
above).
Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds
prospecting licences totalling more than 2,964km(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 1,900km(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.
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.
APPENDIX
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Lorna Blaisse
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Chief Executive Officer
---------------------------------------------------------------------
b) Initial notification/Amendment: Initial Notification
---------------------------------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------------
a) Name: Helium One Global Ltd
---------------------------------------------------------------------
b) LEI: 213800J96OENDQKNQZ60
---------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
---------------------------------------------------------------------
a) Description of the financial instrument, type of
instrument:
Ordinary shares of nil par value each
Identification code: VGG4392T1075
---------------------------------------------------------------------
b) Nature of the transaction:
Issue of options
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise price
of 6.25p 5,000,000
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction(s):
23 February 2023
---------------------------------------------------------------------
f) Place of the transaction:
Outside of a trading venue
---------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Kai Gruschwitz
---------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position/status: Technical Director
---------------------------------------------------------------------
b) Initial notification/Amendment: Initial Notification
---------------------------------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------------
a) Name: Helium One Global Ltd
---------------------------------------------------------------------
b) LEI: 213800J96OENDQKNQZ60
---------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
---------------------------------------------------------------------
a) Description of the financial instrument, type of
instrument:
Ordinary shares of nil par value each
Identification code: VGG4392T1075
---------------------------------------------------------------------
b) Nature of the transaction:
Issue of options
---------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Exercise price
of 6.25p 3,000,000
----------
---------------------------------------------------------------------
d) Aggregated information:
N/A - Single transaction
---------------------------------------------------------------------
e) Date of the transaction(s):
23 February 2023
---------------------------------------------------------------------
f) Place of the transaction:
Outside of a trading venue
---------------------------------------------------------------------
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END
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