The deal equates to a 10% dilution of Helium One shares for 50%...

The deal equates to a 10% dilution of Helium One shares for 50% of BNL, which is currently valued at AU$10 million.

On the other side we are getting AU$12 million worth of investment, a fast track to production, we keep Serenity, and reimbursed for work done on Galactica Pegasus so far.

The missing puzzle piece is whether we still do a CR. I think the answer is YES, hopefully at a higher SP because of this deal. In other words we may still see a dilution of up to 25% ourselves, hopefully bringing in another AU$4 or 5 million.

handled well, this should be good for everyone involved. Two helium companies that actually start producing helium, with a long cash runway and plenty of resource in the ground.

Cautiously optimistic.

GC DYOR