Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania.
The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation.
Following admission, Helium One’s issued share capital will comprise 5,921,426,896 ordinary shares with voting rights.
The company holds no ordinary shares in treasury.