October 21, 2021 – Vancouver, British Columbia – Total Helium Ltd. (the “Company”) is pleased to announce the closing of the non-brokered private placement (the “Fundco Financing”) of 1319454 B.C. Ltd. (“Fundco”) involving the issuance of 12,500,000 subscription receipts at $1.00 per receipt for aggregate gross proceeds of $12,500,000. As previously announced on August 9, 2021, the Fundco Financing is a condition to the Company acquiring all of the outstanding share capital of Fundco and the expected concurrent acquisition of all of the issued and outstanding shares of Brooks Range Corporation from Brooks Energy Company (the “Acquisition”).
