Gold Hydrogen Limited: 83,076,977 Ordinary Shares Under Lock-Up Agreement Until January 2025

Gold Hydrogen Limited has issued 83,076,977 ordinary shares subject to a lock-up agreement ending on January 13, 2025. The shares will be under lockup for 733 days starting from January 11, 2023. 5,923,023 shares and 1,300,000 options are also restricted and held in escrow until May 31, 2023, and January 13, 2025, respectively. The company is engaged in natural hydrogen gas exploration and development in South Australia, with a focus on the Ramsay Project on PEL 687.

Gold Hydrogen Limited (GHY), an Australian-based company specializing in natural hydrogen gas exploration and development, has recently made significant strides in expanding its footprint in the industry. The company, which holds exploration licenses over known occurrences of natural hydrogen in South Australia [1], has been actively engaged in the Ramsay Project on PEL 687 [2].

In a recent announcement, GHY disclosed that it had issued 83,076,977 ordinary shares, subject to a lock-up agreement ending on January 13, 2025 [3]. The shares will be under lockup for 733 days, starting from January 11, 2023. Furthermore, 5,923,023 shares and 1,300,000 options are restricted and held in escrow until May 31, 2023, and January 13, 2025, respectively [3].

GHY's share price has experienced considerable volatility in recent months, with the stock trading above its 50-day moving average on several occasions [1]. The company's market capitalization has grown significantly, reflecting investor interest in its natural hydrogen exploration efforts.

In addition to its share issuance, GHY has also been actively involved in acquisitions. In November 2022, the company entered into an agreement to acquire White Hydrogen Australia Pty Ltd from its shareholders [3]. The acquisition is expected to enhance GHY's capabilities in the hydrogen industry and contribute to its long-term vision of helping the world transition to a decarbonized economy.

GHY's commitment to providing low-cost, naturally occurring hydrogen aligns with the global trend towards cleaner energy sources. The company's exploration efforts in South Australia have the potential to yield significant discoveries, further bolstering its position in the market.

References:

[1] MarketScreener. Gold Hydrogen Limited (GHY) Stock Price, News, and Analysis. Retrieved from https://www.marketscreener.com/quote/stock/GOLD-HYDROGEN-LIMITED-147478396/

[2] Gold Hydrogen Limited. About Our Company. Retrieved from https://www.goldhydrogen.com.au/about-us/

[3] Gold Hydrogen Limited. ASX Announcements. Retrieved from https://www.goldhydrogen.com.au/asx-releases/