First Helium to raise $2M in non-brokered private placement

• First Helium (OTCQX:FHELF) launches a non-brokered private placement to issue up to 10M units for total gross proceeds of up to $2M.
• Each Unit will be issued at a price of $0.20 and consist of one common share in the capital of the company and one common share purchase warrant.
• Each Warrant will entitle the holder thereof to purchase one common share at a price of $0.30/share for a period of 24 months from the closing date.
• The closing of the offering is expected to occur on or about December 15, 2022.
• All securities issued pursuant to the placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws.