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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Helium One Global Ltd | LSE:HE1 | London | Ordinary Share | VGG4392T1075 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.005 | 0.57% | 0.875 | 0.85 | 0.90 | 0.885 | 0.865 | 0.885 | 31,297,382 | 09:00:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Natural Gas Liquids | 0 | -8.69M | -0.0016 | -5.44 | 46.25M |
From Dec 2023 to Dec 2024
TIDMHE1
RNS Number : 5960X
Helium One Global Ltd
21 December 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT INFORMATION SECTION AT THE OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN HELIUM ONE GLOBAL LTD OR ANY OTHER ENTITY IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF HELIUM ONE GLOBAL LTD.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
21 December 2023
Helium One Global Ltd
("Helium One" or the "Company")
Result of Placing and Subscription Offer
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that, following the announcement on 20 December 2023 (the "Launch Announcement") regarding the launch of a proposed placing (the "Placing") and a direct subscription (the "Subscription") (together, the "Fundraise"), the Company has raised gross proceeds of GBP6.1 million (approximately US$7.7 million) through the issue of an aggregate of 2,420,842,500 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per Ordinary Share (the "Issue Price"). The Fundraise was oversubscribed.
The Placing was conducted through an accelerated bookbuild process (the "Bookbuild") undertaken by Liberum Capital Limited and Peterhouse Capital Limited acting as joint bookrunners ("Joint Bookrunners").
The Fundraise comprised of a Placing of 2,413,642,500 new Ordinary Shares ("Placing Shares") to raise approximately GBP6.0 million (approximately US$7.7 million) and a Subscription of 7,200,000 new Ordinary Shares ("Subscription Shares") to raise approximately GBP18k (approximately US$23k) (together and in aggregate the "Fundraise Shares").
The Issue Price represents a discount of approximately 72 per cent. to the closing price of 0.09 pence per Ordinary Share on 19 December 2023, being the last business day prior to the announcement of the Fundraise.
In addition to the Fundraise Shares the Company will also issue 25,708,500 Ordinary Shares at the Issue Price in lieu of certain advisory fees (the "Fee Shares").
Lorna Blaisse, Chief Executive Officer, commented:
"We are pleased with the response that we have received during our oversubscribed Placing and Offer. These funds are essential and enable us to complete the drilling of the Itumbula West-A well now, whilst we still have all equipment and third party services mobilised. Delaying this fundraise would have significantly impacted the Company and its strategy. The learnings from the drilling of Tai-3 have led us to revise the well location on the Itumbula prospect as we now look to target the fault play as well as the conventional Lake Bed and Karoo closures. The well has been designed to directly target and test this new fault play where the Company anticipates helium concentrations to be significantly elevated."
"We're currently rigging up at Itumbula West-A and performing pre-spud maintenance checks ahead of commencing drilling in early January targeting this exciting prospect. We look forward to providing further updates as appropriate and as we spud Itumbula."
Admission and Total Voting Rights
Application has been made for the Fundraise Shares and the Fee Shares to be admitted to trading on AIM ("Admission"). It is anticipated that trading in the new shares will commence on AIM at or around 8.00 a.m. on 28 December 2023. The Fundraise Shares and the Fee Shares will rank pari passu with the existing Ordinary Shares in issue.
Following Admission, the Company's issued and fully paid share capital will consist of 3,402,377,430 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Following Admission, the figure of 3,402,377,430 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.
The Fundraise Shares will represent approximately 71 per cent. of the Company's enlarged issued share capital on Admission (assuming no other issuance of Ordinary Shares prior to Admission).
Director Participation in the Subscription
All off the Directors and a senior staff member of the Company have subscribed for a total of 7,200,000 Subscription Shares in aggregate. The beneficial holdings of the Directors before and after Admission of the new shares are set out below:
Hot Features
Premium
Director Subscription Total Ordinary % of Issued
Shares Shares held on Share Capital
Admission on Admission
Lorna Blaisse 2,000,000 2,173,333 0.06
------------- ---------------- ---------------
Graham Jacobs 800,000 1,193,333 0.04
------------- ---------------- ---------------
Sarah Cope 800,000 1,095,857 0.03
------------- ---------------- ---------------
Nigel Friend 800,000 983,333 0.03
------------- ---------------- ---------------
James Smith 400,000 623,333 0.02
------------- ---------------- ---------------
Russel Swarts 400,000 600,000 0.02
------------- ---------------- ---------------
Capitalised terms not defined in this announcement have the meaning given to them in the Launch Announcement.
For more information please 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) Lucy Williams Charles Goodfellow +44 20 7220 Duncan Vasey 9792 Tavistock (Financial PR) Nick Elwes +44 20 7920 Tara Vivian - Neal 3150
Notes to Editors
Helium One Global, the AIM-traded Tanzanian explorer, holds prospecting licences totalling 2,965km(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 1,899km(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.
In July 2023, Helium One acquired their own exploration drill rig, an Epiroc Predator 220 oil and gas type rig, capable of drilling to depths of 2,400m. The rig was shipped to Tanzania in order to commence Phase II drilling operations.
Helium One is traded 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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name Lorna Blaisse
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Chief Executive Officer
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------
0.25p 2,000,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name Graham Jacobs
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Chief Financial Officer
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------
0.25p 800,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name Sarah Cope
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------ ------------
0.25p 800,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name James Smith
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------
0.25p 400,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name Russel Swarts
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OENDQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------
0.25p 400,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a. Name Nigel Friend
------------------------------------------------------
Reason for notification
2
----------------------------- ------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------- ------------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a. Name Helium One Global Limited
-----------------------------
b. LEI 213800J96OENDQKNQZ60
----------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of nil par value each
the financial instrument,
type of instrument
ISIN: VGG4392T1075
Identification
Code
----------------------------- ------------------------------------------------------
b. Nature of the transaction Subscription for ordinary shares
----------------------------- ------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------
0.25p 800,000
------------ ------------
d. Aggregated information N/A
- Aggregated Volume
- Price
----------------------------- ------------------------------------------------------
e. Date of the transaction 21 December 2023
----------------------------- ------------------------------------------------------
f. Place of the transaction AIMX
----------------------------- ------------------------------------------------------
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END
IOEUAVNROAUUURA
(END) Dow Jones Newswires
December 21, 2023 02:00 ET (07:00 GMT)
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