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:
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
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December 21, 2023 02:00 ET (07:00 GMT)
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