THIS
ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT INFORMATION
SECTION AT THE END OF THIS ANNOUNCEMENT.
THIS
ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN HELIUM ONE GLOBAL LTD OR ANY OTHER
ENTITY IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY
APPLICABLE LAW OR REGULATION. NEITHER THIS ANNOUNCEMENT NOR THE
FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON
IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF HELIUM
ONE GLOBAL LTD.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE
MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN
ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN
RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT,
WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE
INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN
POSSESSION OF INSIDE INFORMATION.
11 June
2024
Helium One Global
Ltd
("Helium
One" or the "Company")
Result of Placing and
Subscription
Helium One Global (AIM: HE1), the
primary helium explorer in Tanzania, is
pleased to announce that, following the announcement on 10 June
2024 (the "Launch
Announcement") regarding the launch of a proposed placing
(the "Placing") and a
direct subscription (the "Subscription") (together, the
"Fundraise"), the Company
has raised gross proceeds of £8.0 million (approximately US$10.2
million) through the issue of an aggregate of 1,600,000,000 new
ordinary shares of no par value in the capital of the Company
("Ordinary Shares") at a
price of 0.50 pence per Ordinary Share (the "Issue Price"). The Fundraise was
oversubscribed.
The Placing was conducted through an
accelerated bookbuild process (the "Bookbuild") undertaken by Liberum
Capital Limited and Zeus Capital Limited acting as joint
bookrunners ("Joint
Bookrunners") and Axis Capital Markets acting as placing
agent.
The Fundraise comprised of a Placing
of 1,572,970,000 new Ordinary Shares ("Placing Shares") to raise approximately
£7.9 million (approximately US$10.0 million) and a Subscription of
27,030,000 new Ordinary Shares ("Subscription Shares") to raise
approximately £0.1 million (approximately US$0.2 million) (together
and in aggregate the "Fundraise
Shares").
The Issue Price represents a
discount of approximately 56.5 per cent. to the closing price
of 1.15 pence per Ordinary Share on 7 June 2024, being
the last business day prior to the announcement of the
Fundraise.
Lorna Blaisse, Chief Executive Officer,
commented:
"We
are pleased with the response that we have seen during this
placing. These funds will enable us to fulfil the next crucial
phase of the Company's development including the deepening of
Itumbula West-1 and the execution of the EWT. Which, combined with
the successful award of the Mining License, will allow us to
commence development phase for the first helium project in
Tanzania."
Admission and Total Voting Rights
Application has been made for the
Fundraise Shares to be admitted to trading on AIM ("Admission"). It is anticipated that
trading in the new shares will commence on AIM at or around 8.00
a.m. on 14 June 2024. The Fundraise Shares will
rank pari
passu with the existing Ordinary Shares in
issue.
Following Admission, the Company's
issued and fully paid share capital will consist of
5,315,710,763 Ordinary Shares, all of which carry one voting
right per share. The Company does not hold any Ordinary Shares in
treasury. Following Admission, the figure of 5,315,710,763 Ordinary
Shares may be used by shareholders as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company, under the Disclosure Guidance and Transparency
Rules.
The Fundraise Shares will represent
approximately 30 per cent. of the Company's enlarged issued share
capital on Admission (assuming no other issuance of Ordinary Shares
prior to Admission).
Director Participation in the Subscription
The Directors of the Company have
subscribed for a total of 5,000,000 Subscription Shares in
aggregate. The beneficial holdings of the Directors after Admission
of the new shares are set out below:
|
Director
|
Subscription Shares
|
Total Ordinary Shares held on Admission
|
%
of Issued Share Capital on Admission
|
|
Lorna Blaisse
|
1,000,000
|
3,173,333
|
0.06%
|
|
Graham Jacobs
|
1,000,000
|
2,193,333
|
0.04%
|
|
James Simth
|
1,000,000
|
1,623,333
|
0.03%
|
|
Sarah Cope
|
400,000
|
1,495,857
|
0.03%
|
|
Nigel Friend
|
1,000,000
|
1,983,333
|
0.04%
|
|
Russel Swarts
|
600,000
|
1,200,000
|
0.02%
|
Capitalised terms not defined in
this announcement have the meaning given to them in the Launch
Announcement.
For
more information please contact:
|
Helium One Global
Ltd
Lorna
Blaisse, CEO
|
+44 20 7920
3150
|
|
Graham
Jacobs, Finance and Commercial Director
|
|
|
|
|
|
Liberum Capital Limited
(Nominated Adviser and Joint Broker)
Scott
Mathieson
Nikhil
Varghese
Anake
Singh
|
+44 20 3100
2000
|
|
|
|
|
Zeus Capital Limited (Joint
Broker)
Simon
Johnson
Victoria
Ayton
Louisa
Waddell
|
+44 20 3829
5900
|
|
|
|
|
Axis Capital Markets (Placing
Agent)
|
+44 20 3026
2689
|
|
Lewis
Jones
|
|
|
Ben
Tadd
|
|
|
|
|
|
Tavistock
(Financial PR)
Nick
Elwes
Tara Vivian
- Neal
|
+44 20 7920
3150
|
Notes to
Editors
Helium One Global, the AIM-listed
Tanzanian explorer, holds prospecting licences across three
distinct project areas, with the potential to become a strategic
player in resolving a supply-constrained helium market.
The Rukwa, Balangida, and Eyasi
projects are located within rift basins on the margin of the
Tanzanian Craton in the north and southwest of the country. The
assets lie near surface seeps with helium concentrations ranging up
to 10.6% helium by volume. All Helium One's licences are held on a
100% equity basis.
The Company's flagship southern Rukwa
Project is located within the Rukwa Rift Basin covering
1,900km2 in south-west Tanzania. This project is
considered to be entering an appraisal stage following the success
of the 2023/24 drilling campaign, which has proved an established
helium system where the Itumbula West-1 exploration well
successfully flowed 4.7% helium to surface in Q1 2024. Additional
followon leads and prospects are defined by subsurface database
including multispectral satellite spectroscopy, airborne gravity
gradiometry, 2D seismic data, and QEMSCAN analysis.
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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Lorna
Blaisse
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Chief
Executive Officer
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
1,000,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Graham
Jacobs
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Finance and
Comercial Director
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
1,000,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
James
Smith
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
1,000,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Sarah
Cope
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Senior
Independent Non-Executive Director
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
400,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Nigel
Friend
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Non-Executive Director
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
1,000,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Russel
Swarts
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Non-Executive Director
|
|
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
ISIN: VGG4392T1075
|
|
b.
|
Nature of
the transaction
|
Subscription for ordinary shares
|
|
c.
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.50p
|
600,000
|
|
|
|
|
d.
|
Aggregated
information
-
Aggregated Volume
-
Price
|
N/A
|
|
e.
|
Date of the
transaction
|
11 June
2024
|
|
f.
|
Place of
the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
| |