The following announcement replaces
Helium One's Issue of Equity announcement released at 0700 am, 10
December 2024 under RNS No 3927P.
The number of ordinary shares issued
has been amended to 15,716,133. This also means that the
Company's issued share capital is now 5,921,426,896.
All other details remain
unchanged
The full amended text is shown
below
11
December 2024
Helium One Global
Ltd
Issue of Equity in lieu of
Cash to Service Provider
Helium One Global Ltd (AIM:HE1)
("Helium One" or "the Company") announces that it has
issued 15,716,133
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 15,716,133
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 12 December
2024.
Following Admission, the
Company's issued share capital will consist of 5,921,426,896 ordinary
shares with voting rights. Helium One does not hold any
ordinary shares in treasury. This figure of
5,921,426,896 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
Lorna Blaisse, CEO
Graham Jacobs, Finance and
Commercial Director
|
+44 20 7920 3150
|
|
|
|
|
Panmure Liberum Limited
(Nominated Adviser and Joint Broker)
Scott Mathieson
Nikhil Varghese
|
+44 20 3100 2000
|
|
|
|
|
Zeus Capital Limited (Joint Broker)
Simon Johnson
Louisa Waddell
|
+44 20 3829 5000
|
|
|
|
|
Tavistock (Financial
PR)
Nick Elwes
Tara Vivian-Neal
|
+44 20 7920 3150
|
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 km2 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.
