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Helium One Global Limited ( (GB:HE1) ) has issued an announcement.
Helium One Global Ltd has issued 15,716,133 new ordinary shares to a service provider as compensation for services provided during an Extended Well Test, replacing a previous cash payment arrangement. This move aligns with the company’s strategy to manage its financial resources while expanding its exploration and production capabilities. The admission of these shares to the AIM market is expected to proceed with no changes to voting rights, ensuring shareholders can maintain their stake calculations under UK regulations.
More about Helium One Global Limited
Helium One Global Ltd is an AIM-listed exploration company focused on discovering and developing helium resources in Tanzania and the USA. It holds prospecting licenses across two key project areas in Tanzania, including the Rukwa Project, which is advancing towards appraisal after successful exploration results. The company also has a stake in the Galactica-Pegasus helium development project in Colorado, USA.
YTD Price Performance: 296.00%
Average Trading Volume: 86,929,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £58.47M
For a thorough assessment of HE1 stock, go to TipRanks’ Stock Analysis page.
