Helium One Global Ltd Company Update (7726Q)

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          [phone] 
  Lorna Blaisse, CEO                            3150 
 
 Liberum Capital Limited (Nominated Adviser 
  and Joint Broker) 
  Scott Mathieson 
  Ed Thomas                                    [phone] 
  Nikhil Varghese                               2000 
 
 Peterhouse Capital Limited (Joint Broker)     [phone] 
  Lucy Williams                                 9792 
 
 Tavistock (Financial PR) 
  Nick Elwes                                   [phone] 
  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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February 23, 2023 02:00 ET (07:00 GMT)