Global Helium Corp. Announces Completion of Plan of Arrangement and Go-Private Transaction
Globenewswire·2025-10-31 20:30

Core Points - Global Helium Corp has completed its acquisition by 2679158 Alberta Ltd under a plan of arrangement [1] - Shareholders have elected to receive cash and common shares as consideration for their shares [2] - The Arrangement Resolution was approved by approximately 97.4% of shareholders at a special meeting [3] - A final court order approving the arrangement was obtained on October 23, 2025 [4] - The Company's common shares are expected to be delisted from the Canadian Securities Exchange in early November 2025 [5] Shareholder Actions - A total of 31,190,215 shares were elected for cash consideration amounting to $1,559,510.75, equating to $0.05 per share [2] - Eligible shareholders holding 32,299,621 shares opted for common shares in the Purchaser as consideration [2] Meeting and Approval - The annual general and special meeting held on October 16, 2025, resulted in the Arrangement Resolution being approved with 29,088,128 votes in favor [3] - The requisite majority of minority approval was also obtained as per regulatory requirements [3] Legal and Regulatory Actions - A final order from the Court of King's Bench of Alberta was secured to approve the arrangement [4] - The Company plans to cease being a reporting issuer in Alberta, British Columbia, and Ontario following the delisting [5] Company Overview - Global Helium Corp is focused on the exploration, acquisition, development, and production of helium [7] - The Company has a unique farm-in agreement with Rubellite Energy Inc, allowing access to approximately 369,000 acres in Alberta's Manyberries helium trend [7]