Global Helium Corp. Grants Stock Options

Rhea-AI Summary

Global Helium Corp. has granted stock options to acquire up to 1,075,000 common shares to directors, officers, and consultants. The options are exercisable at $0.11 per share for five years.

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- Global Helium Corp. (“HECO” or the “Company”) (CSE: HECO, OTC: HECOF) is pleased to announce that, pursuant to the Company’s stock option plan, it has granted incentive stock options to acquire up to 1,075,000 common shares of the Company to certain directors, officers and consultants of the Company and these stock options vest on the date of grant (the “Stock Options”). The Stock Options will be exercisable at a price of $0.11 per common share for a period of five years from the date of grant. The Stock Options are subject to the terms and conditions of the Company’s stock option plan and the common shares issued upon exercise of the Stock Options will be subject to a statutory four-month hold period in accordance with applicable securities laws.

About Global Helium Corp.

Global Helium is one of Canada’s largest helium exploration and development companies, focused on the exploration, acquisition, development, and production of helium, done right. The Company has carved out a differentiated position through a unique Farm-In Agreement with industry veteran, Perpetual Energy Inc., through which HECO can access approximately 369,000 acres in Alberta’s Manyberries helium trend via joint venture. The Company has also captured 100%-owned permits encompassing over 820,000 acres prospective for helium in Saskatchewan’s well-established helium fairway and has recently acquired three significant assets with proven helium tests in the State of Montana. HECO brings a seasoned team of industry professionals and technical experts who have established connections with North American and international helium buyers. Learn more at https://globalhelium.com/ and follow us on LinkedIn and Twitter (now X).

For further information please contact:

Jesse Griffith, President & CEO	Telephone: +1 705-5076 ext. 1
Cindy Gray, Investor Relations	Email: HECOinfo@5qir.com

READER ADVISORIES

Forward Looking Statements

No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.

The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this internal announcement are expressly qualified by this cautionary statement. The forward-looking statements contained in this internal announcement are made as of the date of this internal announcement and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE

FAQ

How many common shares can be acquired through the stock options granted by Global Helium Corp.?

Up to 1,075,000 common shares.

What is the exercise price for the stock options granted by Global Helium Corp.?

The exercise price is $0.11 per common share.

How long is the period of exercisability for the stock options granted by Global Helium Corp.?

The options are exercisable for five years from the date of grant.

What is the hold period for the common shares issued upon exercise of the stock options granted by Global Helium Corp.?

The common shares will be subject to a statutory four-month hold period.

What is the stock symbol for Global Helium Corp.?

The stock symbol is HECOF.