Helium Ventures Plc - Investment Update: Blue Star Helium Limited
PR Newswire
LONDON, United Kingdom, August 27
Helium Ventures plc
("Helium Ventures" or the "Company")
Investment Update: Blue Star Helium Limited
Helium Ventures plc (AQSE:HEV), a special purpose acquisition vehicle notes the announcement made by AIM quoted Helium One Global Ltd. ("Helium One") today in relation to the Company's ASX listed investee company, Blue Star Helium Limited ("Blue Star") which has entered into a conditional sale of 50% of its Galactica helium project to Helium One. Helium One has also completed a fundraise to fund the acquisition and the drill out of 100% of six wells totalling $US2.7m and $US1.5m for past costs incurred by Blue Star.
Helium Ventures holds 7,142,858 ordinary shares in Blue Star.
The full announcement from Helium One Global Ltd. can be viewed via the following link:
https://polaris.brighterir.com/public/helium_one/news/rns/story/w0zg6zr
Neil Ritson, Chairman of Helium Ventures commented:
"We are pleased to see the Galactica helium project fully funded for six drills which is expected be on stream and producing in H1 2025."
The Directors of the Company accept responsibility for the contents of this announcement.
ENDS
Enquiries:
Helium Ventures plc |
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Neil Ritson | +44 (0) 20 3475 6834 |
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Vigo Consulting (Investor Relations) |
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Ben Simons | +44 (0) 20 7390 0234 |
Oliver Clark |
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Cairn Financial Advisers LLP (AQSE Corporate Adviser) |
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| +44 (0) 20 72130 880 |
Ludovico Lazzaretti Liam Murray |
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For more information please visit: www.heliumvs.com
Note:
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
