HEV Helium Ventures PLC

 
TIDMHEV 
 
Helium Ventures plc 
                     ("Helium Ventures" or the "Company") 
 
                    Investment in Blue Star Helium Limited 
 
Helium Ventures plc (AQSE:HEV), a special purpose acquisition vehicle focused 
on investments in helium related assets, is delighted to announce its first 
investment in the helium sector: 
 
  * Company: Blue Star Helium Limited ("Blue Star") (ASX: BNL) 
  * Helium Ventures investment: AUD 400,000 at AUD 5.6 cents per share 
 
Blue Star is an independent helium exploration and production company, 
headquartered in Australia, with operations and exploration projects in North 
America. Its strategy is to find and develop new supplies of low-cost, 
high-grade helium in North America. 
 
Helium Ventures' investment was made as part of an AUD 15 million fundraise 
completed on 28 October 2021. The funds have been raised following Blue Star's 
receipt of approval to proceed with its helium well drilling programme in Las 
Animas County, Colorado. Well #1 is now permitted and scheduled for Q4 2021; 
Wells #2 and 3 are scheduled for Q1 2022; Wells #4 to 8 are scheduled for Q2 
2022; and Wells #9 to 10 are scheduled for Q3/Q4 2022. 
 
Neil Ritson, Chairman of Helium Ventures commented: 
 
"We are delighted that we have managed to gain exposure to this large and 
exciting pure play helium project in Colorado - an area well known for helium 
potential - despite this fundraise being significantly oversubscribed. Blue 
Star has made impressive progress over the last year and we are optimistic that 
the drilling commencing in just a few weeks will be value accretive for us, as 
new shareholders of Blue Star. 
 
Whilst our main focus remains to acquire direct, material positions in helium 
projects where we can be active and apply our technical knowledge and expertise 
to enhance the value of projects, this first investment presents the Company 
with an opportunity to deploy capital with the potential to generate 
significant short to medium term returns for shareholders." 
 
The Blue Star announcement can be viewed in full in the link below: 
 
www.bluestarhelium.com/wp-content/uploads/2021/10/61059527.pdf 
 
This announcement contains inside information for the purposes of the UK Market 
Abuse Regulation and the Directors of the Company accept responsibility for the 
contents of this announcement. 
 
                                     ENDS 
 
Enquiries: 
 
Helium Ventures plc 
 
Neil Ritson                                 +44 (0) 20 3475 
                                            6834 
 
Vigo Consulting (Investor Relations) 
 
Ben Simons                                  +44 (0) 20 7390 
                                            0234 
 
Oliver Clark 
 
Cairn Financial Advisers LLP (AQSE 
Corporate Adviser) 
 
                                            +44 (0) 20 72130 
                                            880 
 
Ludovico Lazzaretti 
Liam Murray 
 
 
For more information please visit: www.heliumvs.com 
 
Note: 
 
Certain statements made in this announcement are forward-looking statements. 
These forward-looking statements are not historical facts but rather are based 
on the Company's current expectations, estimates, and projections about its 
industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions 
are intended to identify forward-looking statements. These statements are not a 
guarantee of future performance and are subject to known and unknown risks, 
uncertainties, and other factors, some of which are beyond the Company's 
control, are difficult to predict, and could cause actual results to differ 
materially from those expressed or forecasted in the forward-looking 
statements. The Company cautions security holders and prospective security 
holders not to place undue reliance on these forward-looking statements, which 
reflect the view of the Company only as of the date of this announcement. The 
forward-looking statements made in this announcement relate only to events as 
of the date on which the statements are made. The Company will not undertake 
any obligation to release publicly any revisions or updates to these 
forward-looking statements to reflect events, circumstances, or unanticipated 
events occurring after the date of this announcement except as required by law 
or by any appropriate regulatory authority. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 29, 2021 02:51 ET (06:51 GMT)

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