First Helium Engages ICP Securities for Automated Market Making Services
June 19 2024 - 7:40PM
First Helium Inc. (“First Helium” or the “Company”) (TSXV:
HELI) (OTCQX: FHELF) (FRA: 2MC), today announced it has
engaged the services of ICP Securities Inc. (“ICP”) to provide
automated market making services, including use of its proprietary
algorithm, ICP Premium™, in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable
legislation. ICP will receive a fee of C$7,500 plus applicable
taxes per month, payable monthly in advance. There are no
performance factors contained in the agreement and no stock options
or other compensation are being granted in connection with the
engagement. ICP and its clients may acquire an interest in the
securities of the Company in the future.
ICP is an arm’s length party to the Company. ICP’s
market-making activity will be primarily to correct temporary
imbalances in the supply and demand of the Company’s shares. ICP
will be responsible for the costs it incurs in buying and selling
the Company’s shares, and no third party will be providing funds or
securities for the market making activities.
ICP Securities Inc.
ICP Securities Inc. (ICP) is a Toronto based CIRO
dealer-member that specializes in automated market making and
liquidity provision, as well as having a proprietary market making
algorithm, ICP Premium™, that enhances liquidity and quote health.
Established in 2023, with a focus on market structure, execution,
and trading, ICP has leveraged its own proprietary technology to
deliver high quality liquidity provision and execution services to
a broad array of public issuers and institutional investors.
Updated Private Placement Information
Further to the Company’s press release dated
April 4, 2024 announcing the closing of its $3.3 million private
placement, the Company paid $7,749 in cash and issued 154,980
finders warrants to Haywood Securities Inc. and $17,500 in cash and
issued 350,000 finders warrants to Rajnee Pratap; for a total
commission of $25,249 in cash and 504,980 finder warrants.
ABOUT FIRST HELIUM
Led by a core Senior Executive Team with diverse
and extensive backgrounds in Oil & Gas Exploration and
Operations, Mining, Finance, and Capital Markets, First Helium
seeks to be one of the leading independent providers of helium gas
in North America.
First Helium holds over 60,000 acres along the
highly prospective Worsley Trend in Northern Alberta which has been
the core of its exploration and development drilling activities to
date.
Building on its successful 15-25 helium
discovery well at the Worsley project, the Company has identified
numerous follow-up drill locations and acquired an expansive
infrastructure system to facilitate future exploration and
development of helium across its Worsley land base. Cash flow from
its successful oil wells at Worsley has helped support First
Helium's ongoing helium exploration and development growth
strategy. Further potential oil drilling locations have also been
identified on the Company's Worsley land base.
For more information about the Company, please
visit www.firsthelium.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
Edward J. BereznickiPresident, CEO and Director
CONTACT INFORMATION
First Helium Inc.Investor
RelationsEmail: ir@firsthelium.comPhone: 1-833-HELIUM1
(1-833-435-4861)
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
This press release contains forward looking
statements within the meaning of applicable securities laws. The
use of any of the words “anticipate”, “plan”, “continue”, “expect”,
“estimate”, “objective”, “may”, “will”, “project”, “should”,
“predict”, “potential” and similar expressions are intended to
identify forward looking statements. In particular, this press
release contains forward looking statements concerning the
completion of the Offering, the anticipated proceeds of the
Offering, and the use of proceeds of the Offering. Although the
Company believes that the expectations and assumptions on which the
forward looking statements are based are reasonable, undue reliance
should not be placed on the forward looking statements because the
Company cannot give any assurance that they will prove correct.
Since forward looking statements address future events and
conditions, they involve inherent assumptions, risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of assumptions, factors and
risks. These assumptions and risks include, but are not limited to,
assumptions and risks associated with the state of the equity
financing markets and regulatory approval.
Management has provided the above summary of
risks and assumptions related to forward looking statements in this
press release in order to provide readers with a more comprehensive
perspective on the Company’s future operations. The Company’s
actual results, performance or achievement could differ materially
from those expressed in, or implied by, these forward looking
statements and, accordingly, no assurance can be given that any of
the events anticipated by the forward looking statements will
transpire or occur, or if any of them do so, what benefits the
Company will derive from them. These forward looking statements are
made as of the date of this press release, and, other than as
required by applicable securities laws, the Company disclaims any
intent or obligation to update publicly any forward looking
statements, whether as a result of new information, future events
or results or otherwise.
SOURCE: First Helium Inc.
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