Last checked at 16 Feb 2022 15:26
16 February 2022
Helium One Global Ltd
Award of Management Options
Helium One (AIM: HE1) ("Helium One" or "the Company") is pleased to announce the award of management stock options for new members of the management team.
The board has resolved to issue 6,000,000 options to acquire ordinary shares at a strike price of 13p to new members of the management team. The Options vest over a three -year period in three equal tranches (being 1/3 on the first, second and third anniversaries of the date of grant).
This brings the total number of Options and Warrants in the Company to 75,842,226, representing 12.31% of the Company's issued share capital.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd David Minchin, CEO | +44 20 7920 3150 |
Beaumont Cornish Ltd (Nominated Adviser) James Biddle Roland Cornish | +44 20 7628 3396 |
Canaccord Genuity Limited (Joint Broker) Adam James | +44 20 7523 8000 |
Peterhouse Capital Limited (Joint Broker) Lucy Williams | +44 20 7220 9792 |
Tavistock (Financial PR) Nick Elwes | +44 20 7920 3150
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Notes to Editors
Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.
Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.
The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km2 in south-west Tanzania. The project is considered to be an advanced exploration project and the company has identified 4 prospects and 21 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seep analyses.
SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.
All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Helium One is listed 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.