Helium One Global Ld (HE1.L) Placing and Subscription to Raise £10 million

TO ENHANCE THE DEVELOPMENT PROGRAMME ON THE RUKWA PROJECT IN TANZANIA

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LONDON, UK (April 16, 2021) – Helium One Global Ltd (“Helium One”, “we”, “us” or the “Company”) (LSE: HE1) is pleased to announce that it has raised gross proceeds of £10 million through a subscription and placing (the “Placing” and “Subscription” together the “Fundraise”) by the issue of 100,000,000 Ordinary Shares (the “Fundraise Shares”) at 10p per Fundraise Share (“Issue Price”) with institutional and other investors.

Highlights

· Significiantly oversubscribed Placing and Subscription raising £10 million at 10p per share

· Funds will be used to continue the fast-track development programme of the Company’s Rukwa project in Tanzania

· Proceeds will enable the Company to save significant time and costs by keeping drilling equipment in the field to carry out appraisal work immediately following intended exploration success

· Proceeds will also allow contracting of 3D seismic over any discovery, maximising resource to reserve conversion and allowing completion of the majority of the field appraisal programme before the end of 2021

· Company’s directors intend to participate in the Subscription

David Minchin, CEO of Helium One, commented:

“We are delighted to be able to continue the fast-track development of our Rukwa project in Tanzania. The response that we have seen during this oversubscribed fundraise endorses the confidence that we feel in our assets and planned exploration drilling campaign, as well as giving financial support necessary to contract all appraisal work to avoid downtime between any discovery and economic evaluation.

“The fundraise has seen broad support from a number of institutional and other investors, who support our aggressive exploration and appraisal strategy, as well as the quality and scale of our assets.

“Helium remains a vital resource, essential and irreplaceable, and which is a crucial component of growing next-generation technology focussed business. We believe our Rukwa Helium Project is well placed to become a strategic asset in supplying anticipated zero-carbon primary helium into this demand. Whilst we are fully funded for our three well exploration programme, this fundraise will enable us to aggressively carry out our appraisal drilling and 3D seismic programme immediately following any discovery.

“We look forward to welcoming our new shareholders on board at this exciting time for the Company as we prepare to commence our maiden drilling.”

Full update link https://share-talk.co.uk/announcements/rns/helium-one-global-ltd/placing-and-subscription-to-raise-10-million/202104160700056640V


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