VANCOUVER, BC, May 3, 2023
/CNW/ - Total Helium Ltd. (TSXV: TOH) (OTCQB:
TTLHF) ("Total Helium" or the "Company")
announces that effective at the opening of markets on or about
May 8, 2023, its common shares will
resume trading on the TSX Venture Exchange under the existing
ticker symbol "TOH". Trading in the common shares of the
Company was previously halted pending acquisition of a joint
venture interest in the Pinta South Helium Project in Arizona and completion of a concurrent
brokered private placement (the "Offering") of special
warrants (the "Special Warrants").
The Offering included a subscription from an insider of the
Company for an aggregate of 1,000,000 Special Warrants. This
participation by an insider constitutes a "related party
transaction" within the meaning of Policy 5.9 of the TSX Venture
Exchange and Multilateral Instrument 61-101 – Protection of
Minority Security Holders in Special Transactions ("MI
61-101"). For this transaction, the Company has relied on the
exemption from the formal valuation requirements contained in
Section 5.5(a) of MI 61-101 and has relied on the exemption from
the minority shareholder requirements contained in Section
5.7(1)(a) of MI 61-101. For further information concerning
the Offering, readers are encouraged to review the news release
issued by the Company on May 1,
2023.
On behalf of the Board,
Robert B. Price, Director and
CEO
Total Helium Ltd. - www.totalhelium.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement, including
statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby
identified as, "forward-looking statements". Forward-looking
statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar
expressions. The Company cautions readers that forward-looking
statements, including without limitation those relating to the
Company's future operations and business prospects, are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking
statements.
SOURCE Total Helium Ltd