Passing of Resolution at General Meeting
Shareholders approved non-pre-emptive share allotment, enabling £10m investment agreement and planned £1m retail offer.
- Investment Agreement £10 million
- Planned retail offer up to £1,000,000
- Resolution: For votes 523,382,914
- Resolution: Against votes 11,837,808
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Helium One Global Ltd (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, is pleased to announce that at a General Meeting of Shareholders held earlier today, a Resolution was passed authorising the Directors to allot Ordinary Shares on a non-pre-emptive basis (the "Resolution"). The result of the Proxy voting was as follows:
For 523,382,914
Against 11,837,808
Withheld 4,969,722
Pursuant to the passing of the Resolution, the £10 million Investment Agreement that was announced on 18 July will now complete subject to closing formalities.
In addition, the Company now plans to launch a retail offer to existing shareholders via the Winterflood Retail Access Platform to raise up to £1,000,000 and further details will be announced shortly.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.