Exercise of Warrants and Issue of Equity

Source: www.gulfoilandgas.com 6/16/2021, Location: Africa

Helium One Global Ltd has received notices to exercise warrants over a total of 400,000 Ordinary Shares (the "Warrant Shares"), for which funds of £11,360 have been received by the Company.

Application will be made for the admission of the Warrant Shares to trading on AIM ("Admission"). The Warrant 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 21 June 2021.

Following Admission, the Company's issued share capital will consist of 614,498,925 Ordinary Shares with voting rights. Helium One does not hold any Ordinary Shares in treasury. This figure of 614,498,925 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.


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