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Total Helium Announces Automatic Exercise of Special Warrants
Total Helium Announces Automatic Exercise of Special Warrants Canada NewsWire ...
About this update from Altura Energy Corp
[{"type":"text","content":"\n \n \n \n Total Helium Announces Automatic Exercise of Special Warrants\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 27, 2023\n \n \n /CNW/ -\n \n Total Helium Ltd.\n \n (TSXV: TOH) (OTCQB: TTLHF) (FRA:\n \n Y02\n \n .F) (the \"\n \n Company\n \n \") is pleased to announce that it has obtained a receipt from the securities regulatory authorities in the Provinces of\n \n British Columbia\n \n ,\n \n Alberta\n \n ,\n \n Saskatchewan\n \n and\n \n Ontario\n \n for a final short-form prospectus (the \"\n \n Prospectus\n \n \") dated\n \n June 21, 2023\n \n . The Prospectus qualifies the distribution of an aggregate of 25,000,000 units (each, a \"\n \n Unit\n \n \") of the Company, which are issuable for no additional consideration upon the deemed exercise of an equivalent number of special warrants (the \"\n \n Special Warrants\n \n \").\n \n \n The Special Warrants were previously issued pursuant to a brokered private placement (the \"\n \n Offering\n \n \") completed by the Company on\n \n May 1, 2023\n \n , at a price of\n \n $0.50\n \n per Special Warrant for gross proceeds of\n \n $12,500,000\n \n . The Offering was led by Haywood Securities Inc.\n \n \n In accordance with the terms of the special warrant indenture, dated\n \n May 1, 2023\n \n , between the Company and Computershare Trust Company of\n \n Canada\n \n (\"\n \n Computershare\n \n \"), 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 \"\n \n Warrant\n \n \"). Each Warrant entitles the holder to acquire an additional common share at a price of\n \n $0.75\n \n per share at any time up to\n \n May 1, 2025\n \n . The Warrants are subject to the terms of a warrant indenture, dated\n \n May 1, 2023\n \n , between the Company and Computershare, as warrant agent.\n \n \n The Prospectus also qualifies the distribution of 1,500,000 compensation options (the \"\n \n Compensat...