Global Spac Partners Announces Confirmation Of $41.9 Million Pipe Financing And Gorilla's Waiver Of $50 Million Minimum Cash Condition
Global Spac Partners Announces Confirmation Of $41.9 Million Pipe Financing And Gorilla's Waiver Of $50 Million Minimum Cash Condition
07/08/22, 9:27 AM
Location
Money raised
$41.9 million
Global SPAC Partners Co. (“Global”) (Nasdaq: “GLSPU” for units, “GLSPT” for subunits and “GLSPW” for warrants) announces the confirmation of a $41.9 million PIPE financing.
Company Info
Location
calgary, alberta, canada
Additional Info
The Company recently announced its entry into Montana with a large acquisition of assets proven to contain helium. As such, Mr. Griffith’s short-term objectives include: Immediate pursuit of additional acquisitions of helium-proven properties in the United StatesExpanding the Company’s already considerable 1,500,000-acre position in CanadaAnalyzing and acting on results from Global’s nearly completed seismic programPreparation of surface leases, applicable permits and readying the Company to drill multiple wellsDrilling and testing of multiple wells identified on the Company’s landsProving helium content and flowrates, capable of sustainable, long-term helium productionSecuring engineering proposals for the design and installation of helium processing equipmentAchieving helium production and executing helium offtake agreements with existing and new downstream partners