First Helium Inc. Announces Application to Reprice Warrants
First Helium (OTCQB:FHELF) has announced its application to the TSX Venture Exchange to modify the terms of 126,839,671 outstanding warrants by reducing their exercise price to $0.05 per share. The modification affects two warrant groups:
- 66,173,000 April 2024 Warrants with current exercise price of $0.075, expiring April 4, 2027
- 60,666,671 October 2024 Warrants with current exercise price of $0.09, expiring October 30, 2027
The amendments require regulatory approval from the Exchange, and notably exclude any Compensation Warrants issued as compensation for services.
First Helium (OTCQB:FHELF) ha annunciato la presentazione alla TSX Venture Exchange per modificare i termini di 126,839,671 warrant in circolazione riducendo il prezzo di esercizio a $0.05 per azione. La modifica riguarda due gruppi di warrant:
- 66,173,000 April 2024 Warrants con prezzo di esercizio attuale di $0.075, in scadenza il 4 aprile 2027
- 60,666,671 October 2024 Warrants con prezzo di esercizio attuale di $0.09, in scadenza il 30 ottobre 2027
Le modifiche richiedono l'approvazione regolamentare dell'Exchange e, da notare, escludono eventuali Compensation Warrants emessi come compenso per servizi.
First Helium (OTCQB:FHELF) ha anunciado su solicitud a TSX Venture Exchange para modificar los términos de 126,839,671 warrant vigentes reduciendo su precio de ejercicio a $0.05 por acción. La modificación afecta a dos grupos de warrants:
- 66,173,000 Warrants de abril de 2024 con precio de ejercicio actual de $0.075, vencimiento el 4 de abril de 2027
- 60,666,671 Warrants de octubre de 2024 con precio de ejercicio actual de $0.09, vencimiento el 30 de octubre de 2027
Las modificaciones requieren aprobación regulatoria de la Exchange y, notablemente, excluyen cualquier Compensation Warrants emitidos como compensación por servicios.
First Helium (OTCQB:FHELF)가 TSX Venture Exchange에 신청하여 현행 행사 가능한 워런트 126,839,671주의 조건을 조정하고 행사가를 주당 $0.05로 낮추는 내용을 발표했습니다. 이 수정은 두 개의 워런트 그룹에 적용됩니다:
- 2024년 4월 만료 워런트 66,173,000주은 현재 행사 가격이 $0.075이며 만료일은 2027년 4월 4일
- 2024년 10월 만료 워런트 60,666,671주은 현재 행사 가격이 $0.09이며 만료일은 2027년 10월 30일
개정안은 Exchange의 규제 승인이 필요하며, 특히 서비스 대가로 발행된 보상 워런트는 제외됩니다.
First Helium (OTCQB:FHELF) a annoncé sa demande auprès de la TSX Venture Exchange visant à modifier les termes de 126 839 671 bons de souscription en circulation en réduisant leur prix d’exercice à 0,05 $US par action. La modification concerne deux groupes de bons:
- 66 173 000 Bons d’avril 2024 dont le prix d’exercice actuel est de 0,075 $, arrivant à échéance le 4 avril 2027
- 60 666 671 Bons d’octobre 2024 dont le prix d’exercice actuel est de 0,09 $, arrivant à échéance le 30 octobre 2027
Les amendements nécessitent l’approbation réglementaire de l’Exchange et excluent notamment tout Compensation Warrants émis en compensation de services.
First Helium (OTCQB:FHELF) hat seinen Antrag bei der TSX Venture Exchange bekannt gegeben, die Bedingungen von 126.839.671 ausstehende Warrants zu ändern und den Ausübungspreis auf 0,05 USD pro Aktie zu senken. Die Änderung betrifft zwei Warrants-Gruppen:
- 66.173.000 Warrants April 2024 mit aktuellem Ausübungspreis von $0,075, Laufzeit bis zum 4. April 2027
- 60.666.671 Warrants Oktober 2024 mit aktuellem Ausübungspreis von $0,09, Laufzeit bis zum 30. Oktober 2027
Die Änderungen bedürfen der Genehmigung durch die Exchange und schließen insbesondere jegliche Compensation Warrants, die als Vergütung für Dienstleistungen ausgegeben wurden, aus.
First Helium (OTCQB:FHELF) أعلنت عن تقديمها إلى بورصة TSX Venture Exchange لتعديل شروط 126,839,671 من حقوق الاشتراك القائمة بخفض سعر الإسناد إلى $0.05 للسهم الواحد. التعديل يؤثر على مجموعتين من حقوق الاشتراك:
- 66,173,000 حقوق اشتراك أبريل 2024 بسعر إسناد حالي قدره 0.075 دولار، تستحق في 4 أبريل 2027
- 60,666,671 حقوق اشتراك أكتوبر 2024 بسعر إسناد حالي قدره 0.09 دولار، تستحق في 30 أكتوبر 2027
التعديلات تتطلب موافقة تنظيميّة من البورصة، وبشكل خاص تستبعد أي حقوق تعويض (Compensation Warrants) مُصدرة كتعويض عن خدمات.
First Helium (OTCQB:FHELF) 已向 TSX Venture Exchange 提交申请，拟通过修改 126,839,671 份尚未行使的认股权证的条款，将行使价格降至 $0.05/股。此次修改涉及两个认股权证组别：
- 66,173,000 份2024年4月到期认股权证，当前行使价为 $0.075，到期日为2027年4月4日
- 60,666,671 份2024年10月到期认股权证，当前行使价为 $0.09，到期日为2027年10月30日
这些修订需要交易所的监管批准，且特别排除了作为服务补偿发行的任何 Compensation Warrants。
- Potential to increase warrant exercise likelihood by lowering exercise price to $0.05
- Reduction in potential capital raised from warrant exercises due to lower exercise price
- Dilutive effect on existing shareholders if warrants are exercised at reduced price
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, AB / ACCESS Newswire / September 22, 2025 / First Helium Inc. (TSXV:HELI)(OTCQB:FHELF)(FRA:2MC) (the "Company" or "First Helium") announces that it is applying to the TSX Venture Exchange (the "Exchange") to amend the terms of an aggregate 126,839,671 outstanding common share purchase warrants ("Warrants") by amending the exercise price to
66,173,000 Warrants (the "April 2024 Warrants") were issued pursuant to a private placement that closed on April 4, 2024. The April 2024 Warrants have an exercise price of
$0.07 5 per share for a period of 36 months, expiring April 4, 2027.60,666,671 Warrants (the "October 2024 Warrants") were issued pursuant to a private placement that closed on October 30, 2024. The October 2024 Warrants have an exercise price of
$0.09 per share for a period of 36 months, expiring October 30, 2027.
The foregoing amendments are subject to regulatory acceptance by the Exchange. In accordance with Exchange policies prohibiting amendments to warrants issued as agent, broker or finders' warrants in compensation for services ("Compensation Warrants"), no Compensation Warrants will be re-priced.
ABOUT FIRST HELIUM
Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.
First Helium holds over 53,000 acres along the highly prospective Worsley Trend in Northern Alberta which has been the core of its exploration and development drilling activities to date.
Building on its successful 15-25 helium discovery well, the 1-30 and 4-29 oil wells, and its recent Charlie Lake shallow heavy oil discovery at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development across its Worsley land base. Cash flow from its successful oil wells at Worsley has helped support First Helium's ongoing exploration and development growth strategy. Further potential oil drilling locations, including the development of the shallow heavy oil play, have also been identified on the Company's Worsley land base.
For more information about the Company, please visit www.firsthelium.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Edward J. Bereznicki
President, CEO and Director
CONTACT INFORMATION
First Helium Inc.
Investor Relations
Email: ir@firsthelium.com
Phone: 1-833-HELIUM1 (1-833-435-4861)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation, including statements with respect to the regulatory acceptance of the Warrant amendments by the Exchange. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration results, availability of capital and financing and general economic, market or business conditions, and the other risk factors described in the Company's filings with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. These forward-looking statements are based on a number of assumptions including, among other things, the timing and receipt of regulatory and governmental approvals, including regulatory acceptance of the Warrant amendments by the Exchange. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE: First Helium Inc.
View the original press release on ACCESS Newswire
FAQ
What is the new exercise price for First Helium's (FHELF) warrants?
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