Total Helium Completes Acquisition of Joint Venture Interest /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
VANCOUVER, BC, May 1, 2023 /CNW/ - Total Helium Ltd. (TSXV: TOH), (OTCQB: TTLHF) ("Total Helium" or the "Company") announces that it has completed the acquisition of a joint venture interest in the Pinta South Helium Project in Arizona. Pursuant to the terms of a definitive purchase and sale agreement (the "Purchase Agreement"), dated effective January 17, 2023, and as subsequently amended, the Company has acquired (the "Transaction") an interest in existing helium production as well as a working interest in a helium exploration and production program in the Holbrook Basin (the "Pinta South Project"). The Purchase Agreement was entered into between Brooks Range Corporation, a wholly-owned subsidiary of the Company, Pinta South Operating Company, LLC, Butler Minerals I, LLC and Mid America Exploration LLC (collectively, the "Vendors").
Total Helium Completes Acquisition of Joint Venture Interest in Helium Production in Arizona and Private Placement Financing (newswire.ca)