Total Helium Ltd.’s Acquisition of Brooks Range Corporation and Listing

Cassels acted for Total Helium.

On November 8, 2021, Total Helium Ltd. acquired of all of the outstanding share capital of Brooks Range Corporation from Brooks Energy Company for a one-time cash payment of US$1.15 million.  Brooks Range is a privately-held Colorado corporation which controls the rights to the Helisium Project, consisting of approximately 86,000 acres of oil and gas leases in the States of Kansas and Colorado, a farmout agreement and certain helium pre-purchase payments.  In connection with completion of the acquisition, Total Helium completed a private placement financing to raise proceeds of $12.5 million.

On November 11, 2021, Total Helium began trading its common shares and common share purchase warrants on the TSX Venture Exchange under the ticker symbol “TOH”.

Total Helium Ltd. was formerly known as Wintertide Ventures Inc. and changed its name to Total Helium Ltd. in September 2021. The company was incorporated in 2006 and is based in Vancouver, Canada.

The Cassels’ team consisted of Sam Cole (Picture), Jennifer Poirier, Aamir Chherawala, Rosina Jagore, Veronica Ma, Andrea Breden, Saundra Johnson, and Tayo Ogboru. 

 

Involved fees earner: Aamir Chherawala – Cassels Brock & Blackwell LLP; Sam Cole – Cassels Brock & Blackwell LLP; Jennifer Poirier – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Total Helium Ltd. ;

Author: Sonia Carcano