VANCOUVER, BC, June 27,
2023 /CNW/ - Total Helium Ltd. (TSXV: TOH)
(OTCQB: TTLHF) (FRA: Y02.F) (the
"Company") is pleased to announce that it has obtained a
receipt from the securities regulatory authorities in the Provinces
of British Columbia, Alberta, Saskatchewan and Ontario for a final short-form prospectus (the
"Prospectus") dated June 21,
2023. The Prospectus qualifies the distribution of an
aggregate of 25,000,000 units (each, a "Unit") of the
Company, which are issuable for no additional consideration upon
the deemed exercise of an equivalent number of special warrants
(the "Special Warrants").
The Special Warrants were previously issued pursuant to a
brokered private placement (the "Offering") completed by the
Company on May 1, 2023, at a price of
$0.50 per Special Warrant for gross
proceeds of $12,500,000. The Offering
was led by Haywood Securities Inc.
In accordance with the terms of the special warrant indenture,
dated May 1, 2023, between the
Company and Computershare Trust Company of Canada ("Computershare"), as special
warrant agent, each Special Warrant has been automatically
exercised into one Unit. Each Unit is comprised of one common share
of the Company, and one common share purchase warrant (each, a
"Warrant"). Each Warrant entitles the holder to acquire an
additional common share at a price of $0.75 per share at any time up to May 1, 2025. The Warrants are subject to the
terms of a warrant indenture, dated May 1,
2023, between the Company and Computershare, as warrant
agent.
The Prospectus also qualifies the distribution of 1,500,000
compensation options (the "Compensation Options") underlying
the compensation special warrants issued as partial consideration
for the Offering. Each Compensation Option entitles the holder to
purchase one Unit at a price of $0.50
per Unit at any time up to May 1,
2025.
For further information regarding the Offering, readers are
encouraged to refer to the Prospectus, as well as the news release
issued by the Company on May 1, 2023,
copies of which are available under the profile for the Company on
SEDAR (www.sedar.com).
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