Global Helium Corp. Provides Update Due to Postal Strike on Mailing of Circular for Upcoming Meeting of Shareholders for Plan of Arrangement

Executive Summary

• Global Helium Corp. announced a proposed statutory plan of arrangement under which 2679158 Alberta Ltd. will acquire 100% of the Company’s outstanding common and convertible preferred shares for cash ($0.05 per share) plus accrued dividends on preferred shares.
• The transaction requires shareholder approval at the annual and special meeting scheduled for October 16, 2025; if approved, closing is expected around October 24, 2025.
• Supporting shareholders holding approximately 52.5% of all shares have entered voting support agreements to back the Arrangement.

Key Details

• Arrangement Agreement: Dated July 15, 2025 between Global Helium Corp. and 2679158 Alberta Ltd. (the Purchaser).
• Consideration – Common Shares: $0.05 cash per share; shareholders holding >250,000 shares may elect to receive one Purchaser share for each Common Share held (no fractional shares).
• Consideration – Preferred Shares: $0.05 cash per preferred share plus accrued and unpaid dividend amount per share; eligible holders may elect to receive one Purchaser share per Preferred Share plus additional Purchaser shares equal to the accrued dividend divided by $0.05 (rounded down, no fractions).
• Election Deadline: 4:30 p.m. Calgary time on October 14, 2025 (or later if meeting adjourned) for holders wishing to receive Purchaser shares.
• Meeting Details: Annual and special shareholders’ meeting – 1250, 639 – 5th Avenue SW, Calgary, Alberta; October 16, 2025 at 11:00 a.m. (Calgary time).
• Court Orders: Interim order granting the meeting (Sept 4, 2025) amended on Oct 3, 2025 to allow electronic delivery of circulars due to Canada Post strike; final order hearing set for October 22, 2025.
• Closing Timeline: Anticipated completion on or about October 24, 2025, subject to shareholder approval and satisfaction/waiver of customary closing conditions.
• Supporting Shareholders: Collectively hold ~52.5% of issued & outstanding shares; have entered voting support agreements to vote in favour of the Arrangement Resolution (≈50.6% of remaining shares after exclusions).
• Delivery of Materials: Circular and meeting materials mailed on Sept 24, 2025; electronic copies available upon request due to postal strike.

Notable Quotes

(No direct quotes were provided in the release.)