Helium One Global Ltd Exercise of Warrants and Issue of Equity (2783G)
18 July 2023 - 4:00PM
UK Regulatory
TIDMHE1
RNS Number : 2783G
Helium One Global Ltd
18 July 2023
18 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 received notice of the exercise of warrants
over a total of 450,000 ordinary shares in the Company ("New
Ordinary Shares") at an exercise price per share of GBP0.0284.
Application will be made for the admission of the 450,000 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 21
July 2023.
Following Admission, the Company's issued share capital will
consist of 821,316,459 Ordinary Shares with voting rights. Helium
One does not hold any Ordinary Shares in treasury. This figure of
821,316,459 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
Contact
Helium One Global Ltd +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
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.
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END
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