Global Helium Corp. announced that a non-brokered private placement of 1,562,500 units at a price of CAD 0.32 per unit for gross proceeds of CAD 500,000 on May 24, 2022. Each unit is comprised of one common share and one share purchase warrant.

Each warrant entitles the holder thereof to acquire one share at a price of CAD 0.42 for a period of three years. Executive Director Jesse Griffith is making strategic investment into the Company. All securities issued under the Private Placement will be subject to a four-month hold period from the date of issue.

The Financing is expected to close on or about May 25, 2022 and is subject to receive all necessary regulatory and Exchange approvals.