- Global Helium (HECO) has closed its non-brokered private placement for gross proceeds of $500,000
- The company issued 1,562,500 units at a price of $0.32 per unit
- Mr. Jesse Griffith has been appointed to Global Helium’s Board of Directors and will transition into the role of President
- Global Helium is a helium exploration and development company
- Global Helium Corp. (HECO) is up 2.22 per cent, trading at C$0.46 per share at 11:15 am ET
Global Helium (HECO) has closed its non-brokered private placement for gross proceeds of $500,000.
The company issued 1,562,500 units at a price of $0.32 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable into one common share at $0.42 for a three-year term.
The financing is expected to close on or about May 25, 2022, and is subject to all necessary regulatory approvals. The securities issued will be subject to a four-month hold period.
The company also announced the appointment of Mr. Jesse Griffith to the board of directors. Mr. Griffith will immediately begin transitioning into the role of President and will be active in all day-to-day operational aspects of the company.
Global Helium is a helium exploration and development company, focused on the exploration, acquisition, development, and production of helium to meet increasing needs in North America and around the world.
Global Helium Corp. (HECO) is up 2.22 per cent, trading at C$0.46 per share at 11:15 am ET.
