TOTAL Helium raised gross proceeds of C$12.5mm and completed the acquisition of all of the outstanding share capital of Brooks Range Corporation. TOTAL Helium commenced trading on the TSX Ventures exchange on 11th November. The Company acquired Brooks Range from Brooks Energy Company in consideration for a one-time cash payment of US$1,150,000. On 14th November it commenced drilling operations for its first well, the Boltz 35B, at its 86,000-acre project in western Kansas where it aims to extend the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in North America.
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