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LONDON - Helium Ventures plc (to be renamed VaultZ Capital plc with ticker V3TC) announced Wednesday the appointment of a new executive team following shareholder approval of its bitcoin treasury strategy at a General Meeting held on June 18.
The company has appointed Alex Appleton as Chief Executive Officer, Sarah Gow as Chief Operating Officer, and Pierre Villeneuve as Chief Investment Officer, subject to regulatory due diligence. Charlie Wood has been appointed Non-executive Chairman, while Neil Ritson will remain as a Non-executive director alongside Fungai Ndoro.
Appleton previously served as CFO of Argo Blockchain (LON:ARB) Plc, where he helped raise over $300 million and managed the company’s Nasdaq IPO in 2021. Gow brings over 20 years of experience in asset management operations and also served as a Non-executive Director at Argo from 2021 to 2023. Villeneuve is a quantitative strategist with experience in investment products and risk modeling.
The company is reclassifying as an operating company and plans to generate revenue through participation in Bitcoin network infrastructure, initially focusing on acquiring exposure to Bitcoin hashrate via cloud mining. The firm is exploring both direct acquisition of mining hardware and indirect arrangements with established operators.
Additionally, Helium Ventures announced plans to establish an Employee Benefit Trust that will have authority to manage up to 7.5% of the company’s issued share capital for future incentive awards.
"The Company is entering a transformational phase," said Wood in the press release statement, while Appleton expressed his commitment to creating "sustainable long term value for shareholders."
The announcement contains information released as part of the company’s regulatory disclosure requirements.
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