Mendell Helium announces that, further to its announcement of 17 November 2025 regarding the Subscription, Issue of Equity and Warrants (the “November Subscription Announcement”), it has received expressions of interest from investors to participate in the broker option (the “Broker Option”). To provide time for these investors to finalise their commitments, the Company has agreed with AlbR Capital Limited (“AlbR”) to extend the period during which the Broker Option may be exercised. If all of the proposed investors participate then the Broker Option is expected to be exercised in full. Pending conclusion of these discussions, Mendell Helium also announces that it has received a further subscription for new ordinary shares on the same terms as the Subscription described in that announcement from an existing shareholder.
As announced on 27 June 2024, the Company has an option (the “Option”) to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in six producing wells. There is no certainty that the Company’s option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission. As announced on 1 December 2025, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 28 February 2026.
Extension of Broker Option
As set out in the November Subscription Announcement, the Company granted AlbR, the Broker Option over up to 10,000,000 new ordinary shares (the “Broker Option Shares”), exercisable at the Issue Price and originally exercisable up to 4.30 p.m. (UK time) on 24 November 2025.
The Company has agreed with AlbR that the latest time and date for the exercise of the Broker Option will be extended and that the Broker Option will be exercisable, at AlbR’s discretion (following consultation with the Company), on one or more occasions up to 4.30 p.m. (UK time) on 8 December 2025.
All other terms of the Broker Option remain unchanged.
Additional Subscription
Pursuant to the terms of the Subscription set out in the November Subscription Announcement, the Company has raised approximately an additional £600 through the issue of 20,000 new ordinary shares of 1 pence each in the Company (“Ordinary Shares”) at an issue price of 3 pence per new Ordinary Share (the “Issue Price”) (the “Additional Subscription”).
The Additional Subscription, consistent with the Subscription, has been carried out directly by the Company without the payment of commissions.
As with the Subscription described in the November Subscription Announcement, for every two new Ordinary Shares issued pursuant to the Additional Subscription, investors will receive:
· one warrant to subscribe for an additional new ordinary share in the Company at an exercise price of 4.5 pence per share; and
· one warrant to subscribe for an additional new ordinary share in the Company at an exercise price of 6 pence per share,
each exercisable within two years of Admission of the relevant Ordinary Shares. In aggregate, 20,000 additional warrants will be issued pursuant to the Additional Subscription on this basis.
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney
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Tel: +44 (0) 203 3650 3650/51
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Brand Communications (Public & Investor Relations) Alan Green
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Tel: +44 (0) 7976 431608
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