First helium to trade on the TSX Venture Exchange on July 12, 2021
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The company has retained the IACP generation Provide market making services
CALGARY, AB, July 12, 2021 / CNW / – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI), a helium exploration company with access to significant development opportunities in the west Canada, is pleased to announce that its common shares will begin trading on the TSX Venture Exchange when markets open today, being Monday July 12, 2021, under the ticker symbol “HELI”. At June 28, 2021, the Company has received a visa for its final prospectus which has been filed with the securities commissions of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and New Scotland in connection with the Company’s oversubscribed offering of subscription receipts and private placement of non-middleman convertible debentures earlier this year for aggregate gross proceeds of $ 12 million.
First Helium is a Canadian company working to develop helium production to meet the growing level of global demand. The Company is positioned to become a leading North American producer, leveraging a risk reduction strategy to achieve short-term cash flow. First Helium plans to deploy the product of its recent offering primarily towards the development of its Worsley Helium project, which is anchored by a successful helium discovery well that has been tested in production with a confirmed helium content of 1.32% and includes a potential helium land base of over 32,000 hectares for further exploration and development.
In addition, the Company is pleased to announce that it has retained the services of Generation IACP Inc. (“Generation“or the”Market maker“) to provide market making services (the”Services“). Generation has been retained with the objective of maintaining a reasonable market and improving the liquidity of the First Helium share. Under the terms of the agreement between the Market Maker and the Company (the”Generation contract“), the Company has undertaken to initially pay Generation a cash commission of $ 7,500 plus applicable taxes, per month. The initial term of the Generation Contract will be six months and this term will be tacitly renewed for subsequent six-month periods, except for early termination with 30 days written notice.
Generation Services will also consist of correcting temporary imbalances in supply and demand for Company shares. The Market Maker will be responsible for the costs it incurs in buying and selling shares of the Company, and no third party will provide funds or securities for the Services. Generation will not receive any securities from the Company as compensation and Generation does not currently own any securities of First Helium. However, the Market Maker and his clients may acquire a direct interest in the securities of the Company. First Helium and Generation are unrelated and unaffiliated entities; The production is independent of the Company. The Market Maker is a member of the Investment Industry Regulation Organization of Canada and a member company of the TSX Venture Exchange. For more information on Generation’s issuer trading services, please visit https://generationiacp.com/capital-partners/issuer-services/.
ABOUT FIRST HELIUM
First Helium is a helium exploration and development company operating in the Worsley region, north of Great Prairie, in Alberta, Canada. It was founded to capitalize on the untapped potential of large helium resources in Western Canada, in response to the changing dynamics of global market supply. Building on its successful discovery well, which has been tested for production at over 1.3% helium over three long-term testing periods, First Helium is working to expand its 32,000 hectare land base. along the very promising Worsley Helium Trend. To establish its base of operations, First Helium seeks to market its helium gas in the North American market through term marketing agreements with established third party distribution companies.
For more information about the Company, please visit www.firsthelium.com. The Company’s final prospectus, financial statements and MD&A, among other documents, are all available on its profile page on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Edward J. Bereznicki
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS AND CAUTION
This press release contains certain statements or disclosures relating to First Helium which are based on the expectations of its management as well as assumptions made by and information currently available to First Helium which may constitute forward-looking statements or information (“forward-looking statements” ) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which deal with activities, events, results, results or developments that First Helium anticipates or expects to occur or will occur at the future (in whole or in part) should be seen as prospective. staring statements. In some cases, forward-looking statements can be identified by the use of the words “expect”, “will” and similar expressions. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding the listing of the Common Shares on the Stock Exchange, the use of funds and the strategy of the Company. The forward-looking statements contained in this press release reflect several important factors, expectations and assumptions of First Helium, including, without limitation: that First Helium will continue to conduct its operations in a manner consistent with past operations; the general maintenance of current or, where applicable, assumed conditions in the industry; the availability of sources of debt and / or equity to fund First Helium’s capital and operating needs as required; and some cost assumptions.
Forward-looking statements are based on estimates and opinions of management at the date the statements are made and are subject to risks, uncertainties and assumptions, including those set forth in the final prospectus dated June 28, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com. First Helium does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE First Helium Inc.
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