Helium One raised ~£8mm (US$10.2mm) through an oversubscribed fundraise, issuing 1.6bn new ordinary shares at a significant discount of 56.5% at £0.50p/sh (vs the previous day closing of £1.10p). Helium One previously raised US$5.9mm in February at 1.5p/sh. The funds raised from this issue will support the advancement of Tanzania's first helium project, including crucial development phases like the deepening of Itumbula West-1. The new shares will represent about 30% of the company's enlarged share capital post-admission. Following admission, the company's fully paid share capital will consist of 5.3bn shares.
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See AllHelium One Global raised £6.1mm (~US$7.7mm) through a placing and direct subscription, issuing 2.4bn new shares at a price of 0.25p/sh,...
Helium One completed all wireline logging and drill stem testing operations at its Itumbula West-1 well in Tanzania, successfully...
Helium One completed a £4.7mm equity raise, issuing 313mm new shares at a price of 1.5p/sh. The company's share capital is now ~3.7bn...
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