Helium One Announces Exercise of Warrants and Issue of Equity

Source: www.gulfoilandgas.com 11/25/2022, Location: Africa

Helium One Global Ltd has received notice to exercise warrants over a total of 84,745 Ordinary Shares (the "Warrant Shares") at a price of 3.55 pence per share.

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 30 November 2022.

Following Admission, the Company's issued share capital will consist of 622,356,286 Ordinary Shares with voting rights. Helium One does not hold any Ordinary Shares in treasury. This figure of 622,356,286 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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