Global Helium Corp. Set for Acquisition by 2679158 Alberta Ltd. on October 24
Global Helium Corp. (CSE: HECO,OTC:HECOF) has announced a significant plan of arrangement, with 2679158 Alberta Ltd. acting as the purchaser. The proposed transaction involves the acquisition of all issued and outstanding securities of the company, with a meeting scheduled for shareholders to vote on the arrangement on October 16, 2025.
The proposed transaction, subject to certain approvals and conditions, is expected to be completed on October 24, 2025. Under the arrangement, the purchaser will acquire all common shares for $0.05 per share. Shareholders have the option to receive one purchaser share per common share held, with preferred shareholders receiving $0.05 per share plus the accrued and unpaid dividend amount. Share electing preferred shareholders have the additional option to receive purchaser shares based on the accrued dividend. The hearing date for the final order of the court is set for October 22, 2025.
Global Helium Corp. is an early stage helium development company focused on exploration, acquisition, development, and production of helium. The company's board of directors and certain shareholders, holding approximately 52.5% of the issued and outstanding shares, have agreed to vote in favor of the arrangement. Shareholders are encouraged to review the circular and related materials, which will be delivered via email due to the ongoing Canada Post strike. Eligible electing holders have until 4:30 p.m. (Calgary time) on October 14, 2025, to complete and deliver a letter of transmittal to receive purchaser shares.
The proposed transaction, if approved, will see Global Helium Corp. acquired by 2679158 Alberta Ltd., with shareholders set to receive fair compensation for their shares. The arrangement is subject to certain conditions and approvals, with the final order of the court hearing scheduled for October 22, 2025, and the completion anticipated on October 24, 2025.
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