VANCOUVER, Sept. 24, 2018 /CNW/ - American Helium Inc. (the "Company" or "American Helium") (TSX.V: AHE) (OTC: AHELF) (XFRA: 43UB) Mr. Lawrence Pemble, CFO and Director, reports that the Company has been working to secure additional funding in order to advance its helium property exploration programs. In addition to the Company's acreage in Carbon County, Utah, the Company has been looking into acquiring additional acreage which would be followed by requirement to fund seismic and drilling programs. At this time funding of work programs in Utah or elsewhere is not attracting sufficient equity capital and management is curtailing expenditures on helium projects and considering strategic options and alternatives. Further news will be announced as it becomes available.
About American Helium TSX.V: AHE | OTC: AHELF | XFRA: 43UB
American Helium Inc. is an exploration stage company with offices in British Columbia, Canada. American Helium Inc. is listed on the TSX Venture, OTCQB and Frankfurt markets.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE American Helium Inc.
For further information: American Helium Inc., David Sidoo, Executive Chairman, Corporate Activity and Administration, Tel: 604.685.9316, Email: [email protected]; Nick DeMare, Director, Email: [email protected]