Total Helium Ltd. announced a brokered private placement of up to 40,000,000 special warrants at a price of $0.50 per Special Warrant for gross proceeds of up to CAD 20,000,000 on March 20, 2023. Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 1.00 at any time up to 24 months following the closing.

Completion of the Offering is subject to certain conditions, including approval of the TSXV, the satisfaction of all outstanding conditions to completion of the Transaction and the satisfaction of customary closing deliverables.