Helium One Treasury Limited entered into a binding Amalgamation Agreement to acquire Attis Oil and Gas Ltd (AIM:AOGL) for £1.8 million on November 5, 2020. Under the terms of the transaction, on completion of the amalgamation all existing Attis Shares will be cancelled and Attis shareholders will be issued with 1 Helium One Global Limited (parent of Helium One Treasury Limited) ordinary share at £0.0248 per share for every 236 Attis Shares held at the record date. The amalgamation agreement will result in the cancellation of admission of the ordinary shares of Attis to trading on AIM. Attis has notified the London Stock Exchange of the date of the proposed cancellation. Upon completion, it is intended that an application will be made for the Helium One ordinary shares to be admitted to trading on AIM in due course. Attis shareholders will hold approximately 13% of the enlarged Helium One Group on Admission. Admission is subject to a number of conditions, including a minimum raise of £5m to support exploration activities and working capital. Paolo Amoruso, currently Attis' Chairman, will step down as an executive and board member effective the date of Helium One's admission. The amalgamation and cancellation of admission of the Ordinary Shares of Atiis to trading on AIM is subject to the approval of Attis shareholders. As of November 16, 2020, £6 million raised (before expenses) by the conditional Placing of 211.267597 million ordinary shares at 2.84 pence per share. Extraordinary General Meeting of shareholders of Attis is to be held on November 25, 2020. If the Resolutions are passed at the EGM, it is anticipated that the Amalgamation will become effective on December 3, 2020. As of November 25, 2020, all resolutions have been passed at the EGM. Cancellation of admission of the ordinary shares of Atiis to trading on AIM is anticipated to be effective on December 4, 2020 and admission of the Helium One Global shares to trading on AIM will become effective on December 4, 2020. Roland Cornish and James Biddle of Beaumont Cornish Limited and Duncan Vase and Lucy Williams of Peterhouse Capital Limited acted as financial advisors to Attis Oil and Gas Ltd.