Helium Evolution Closes Second Tranche of Expanded Private Placement

Core Viewpoint - Helium Evolution Incorporated has successfully closed the second tranche of a strategic private placement, raising a total of $4.8 million through two private placements to support its helium exploration efforts in southern Saskatchewan [1][3]. Group 1: Private Placement Details - The recent private placement involved the issuance of 10,683,579 units at a price of $0.19 per unit, generating gross proceeds of $2.0 million [2]. - Insiders subscribed for 1,161,579 units in this private placement, with each unit consisting of one common share and one half of a common share purchase warrant [2]. - The warrants allow holders to purchase one common share at $0.305 for one year from the closing date of May 30, 2025, with an acceleration feature if the share price exceeds $0.57 for a 30-day period after six months [2]. Group 2: Previous Private Placement - The previous private placement raised $2.8 million, consisting of two closings: the first on March 17, 2025, with 7,040,000 units at $0.17 per unit for $1.2 million, and the second on April 4, 2025, with 9,217,000 units at $0.17 per unit for $1.6 million [3]. - Each unit in the previous placement also included one common share and one half of a common share purchase warrant, with warrants priced at $0.27 for one year from their respective closing dates [3]. Group 3: Company Overview - Helium Evolution is a Canadian helium exploration company holding the largest helium land rights position in North America among publicly traded companies, with over five million acres of land under permit in southern Saskatchewan [5]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [5].