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Global Helium Corp. Provides Update Due to Postal Strike on Mailing of Circular for Upcoming Meeting of Shareholders for Plan of Arrangement
Globenewswireยท 2025-10-03 21:27
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][8]. Group 1: Proposed Transaction Details - The Purchaser will acquire all issued and outstanding Common Shares for cash consideration of $0.05 per share, with options for shareholders holding over 250,000 shares to receive Purchaser Shares instead [2]. - Preferred Shares will also be acquired for $0.05 per share plus accrued unpaid dividends, with similar options for eligible shareholders [3]. - The Arrangement is subject to shareholder approval and is anticipated to be completed around October 24, 2025, pending the final court order [8]. Group 2: Meeting and Voting Information - The management information circular and related materials have been sent to shareholders, and the meeting will be held in Calgary [1][5]. - Shareholders wishing to elect to receive Purchaser Shares must complete a letter of transmittal by October 14, 2025 [4]. - Supporting Shareholders, holding approximately 52.5% of the shares, have agreed to vote in favor of the Arrangement Resolution [9]. Group 3: Communication and Delivery - Due to a national postal strike, the Company will provide the circular and related materials via email to non-registered shareholders upon request [6]. - Registered shareholders are advised to contact the Company for proxy forms to vote at the meeting [7].