Last checked at 3 Sep 2021 09:23
3 September 2021
Helium One Global Ltd
("Helium One" or "the Company")
Director Dealings
Helium One (AIM: HE1) announces that it was notified on 2 September 2021 that Ian Stalker, Non-Executive Chairman of the Company, has purchased, on 2 September 2021, 243,900 ordinary shares in the Company at a price of 8.3p per share and that David Minchin, CEO of Helium One, has also purchased on 1 September 2021, 110,000 ordinary shares at 9p per share. Following these purchases their total beneficial ownerships in the Company are respectively 10,891,343 (1.77%) and 210,000 (0.03%) ordinary shares.
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 Tara Vivian-Neal | +44 20 7920 3150
|
Ian Stalker
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Stalker | ||||
2 | Reason for notification | |||||
a) | Position / status | Non-Executive Chairman
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Helium One Global Limited
| ||||
b) | LEI | 213800J96OENDQKNQZ60 | ||||
4 | Details of the transaction(s): section to be repeated for (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 the financial instrument, type of instrument
Identification code | Ordinary shares of nil par value each in Helium One Global Limited
ISIN VGG4392T1075
| ||||
| Nature of the transaction | - Purchase of shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 2 September 2021 | ||||
f) | Place of the transaction | LSX | ||||
David Minchin
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Minchin | ||||
2 | Reason for notification | |||||
a) | Position / status | CEO
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Helium One Global Limited
| ||||
b) | LEI | 213800J96OENDQKNQZ60 | ||||
4 | Details of the transaction(s): section to be repeated for (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 the financial instrument, type of instrument
Identification code | Ordinary shares of nil par value each in Helium One Global Limited
ISIN VGG4392T1075
| ||||
| Nature of the transaction | - Purchase of shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 1 September 2021 | ||||
f) | Place of the transaction | LSX | ||||
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 Helium One (Gogota) Limited, Helium One (Stahamili) Limited and Helium One (Njozi) 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 2021 drilling campaign has significantly de-risked the basin with identification of a working helium system including demonstrated seal, reservoir, trapping geometries and charge mechanism away from known surface seeps.
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.