Core Viewpoint - Global Helium Corp. is moving forward with a proposed arrangement to be acquired by 2679158 Alberta Ltd., with a special resolution to be voted on by shareholders at an upcoming meeting on October 16, 2025 [1][4]. Group 1: Arrangement Details - The management information circular has been mailed to shareholders, detailing the proposed arrangement and encouraging shareholder participation in the vote [2]. - An interim order was granted by the Court of King's Bench of Alberta on September 4, 2025, related to the arrangement [3]. - Approval of the arrangement requires a 66⅔% affirmative vote from shareholders present at the meeting, along with a simple majority excluding certain votes as specified [4]. Group 2: Board and Committee Actions - The arrangement agreement was the result of a comprehensive review and negotiation process led by a special committee of independent directors [5]. - The board of directors unanimously approved the arrangement, with one director abstaining due to a conflict of interest, and determined it to be fair to shareholders [6]. Group 3: Shareholder Support - Directors, officers, and certain shareholders collectively holding approximately 52.5% of the shares have entered into voting support agreements to vote in favor of the arrangement [8]. Group 4: Timeline and Conditions - The arrangement is targeted for completion around October 24, 2025, pending satisfaction of remaining conditions [7].
Global Helium Corp. Confirms Mailing of Circular for Upcoming Meeting of Shareholders for Plan of Arrangement
Globenewswire·2025-09-25 16:10