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Helium Evolution Incorporated(HEVI-X)
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Helium Evolution Announces Spud of First Helium Well at McCord, Closes Private Placement Financing, and Executes Farmout Agreement With North American Helium

Globe Newswire - Tue Jun 28, 2022

Not for distribution to U.S. news services or for dissemination in the United States

CALGARY, Alberta, June 28, 2022 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that our first helium well, HEI 06-12-006-05W3M (“HEI-1”), was spud on June 25, 2022 at the Company’s 100% owned and operated McCord property in southern Saskatchewan, described in more detail below. In addition, further to our news release dated June 9, 2022, the Company has closed our non–brokered, brokered and strategic investor private placements raising aggregate gross proceeds of $6,918,200 through the issuance of 17,295,500 total units (“Units”) at $0.40 per Unit.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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