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REG - Helium One Global Ld - Result of Placing and Subscription

Helium One GlobalAnnouncement

11/06/2024 07:00

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RNS Number : 9409R Helium One Global Ltd 11 June 2024

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 +44 20 7920 3150

Lorna Blaisse, CEO
Graham Jacobs, Finance and Commercial Director

Liberum Capital Limited (Nominated Adviser and Joint Broker) +44 20 3100 2000

Scott Mathieson

Nikhil Varghese

Anake Singh

Zeus Capital Limited (Joint Broker) +44 20 3829 5900

Simon Johnson

Victoria Ayton

Louisa Waddell

Axis Capital Markets (Placing Agent) +44 20 3026 2689
Lewis Jones
Ben Tadd

Tavistock (Financial PR) +44 20 7920 3150

Nick Elwes

Tara Vivian - Neal

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 1,900km(2) 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 Ordinary Shares of nil par value each

Identification Code

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 N/A

- Aggregated Volume