Business
Result of GM & Completion of Acquisition
Mendell Helium PLC announced the successful completion of its acquisition of M3 Helium Corp. following shareholder approval at a General Meeting where all resolutions passed. The company also appointed Paul Mendell as Chief Technical Director, who will hold 9.37% of the enlarged share capital post-admission. This transaction involved issuing 21,683,219 new ordinary shares to Paul Mendell in exchange for his M3 Helium Sale Shares. Furthermore, Mendell Helium issued 102,428,874 new ordinary shares and 10,881,861 warrants to advisers, with the new shares expected to be admitted to trading on the Aquis Stock Exchange on May 19, 2026, bringing the total voting rights to 338,186,938. Disclaimer*
About this update from Mendell Helium Plc
[{"type":"text","content":"\n\n\n \nMendell Helium plc\n \n(\"Mendell Helium\" or the \"Company\")\n \nResult of General Meeting\nCompletion of Acquisition\nDirectorate Change\nRelated Party Transaction\nIssue of Equity\n \nThe General Meeting of the Shareholders of Mendell Helium was held today at 10.00 a.m. (UK) at Arran House, Arran Road, Perth, Perthshire PH1 3DZ. The Company is pleased to confirm that all resolutions were duly passed.\n \nThe Company is also pleased to announce the completion of its acquisition of M3 Helium Corp.\n \nFull details of the poll results at the General Meeting are set out below:\n \n\n\n\n\nResolution\n\n\nFor\n\n\nAgainst\n\n\nDiscretion to Chairman\n\n\nWithheld\n\n\nTotal\n\n\n\n\n01\n\n\n69,216,110\n\n\n12,124\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n02\n\n\n69,228,234\n\n\n0\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n03\n\n\n69,162,884\n\n\n65,350\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n04\n\n\n68,479,585\n\n\n748,649\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n05\n\n\n68,467,461\n\n\n760,773\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n06\n\n\n69,072,884\n\n\n155,350\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n07\n\n\n69,010,145\n\n\n218,089\n\n\n982,951\n\n\nNil\n\n\n70,211,185\n\n\n\n\n \nThe number of shares in issue at 6:30 p.m. (UK) on 15 May 2026 was 235,758,064. The Company does not hold any shares in treasury.\n \nDirectorate Change\nFollowing completion of the Acquisition, Paul Mendell has been appointed as Chief Technical Director of the Company with immediate effect.\n \nPaul Mendell is an oil and gas producer and the co-founder of two UK-listed companies: Iofina, an AIM-listed iodine producer, and Highlands Natural Resources plc, now Chill Brands Group plc. He subsequently became chairman of the latter company. Mr Mendell has owned interests in more than 200 producing oil and gas wells in the US, which were subsequently acquired by larger firms including Anadarko, EnCana, Noble, Oxy and others. He is a self-educated geologist and well-respected developer of new concepts in exploration for oil, gas, iodine and other commodities. Mr Mendell also founded Mendell Energy, a Denver-based independent oil and gas producer, acquired for $12 million in 2012.\n \nThe following information is disclosed in respect of Paul Ethan Mende...