Helium One Global Limited (GB:HE1) has released an update.
Helium One Global Ltd, the Tanzania-based helium exploration company, has announced an oversubscribed fundraise of approximately £8.0 million or US$10.2 million through the issuance of 1.6 billion new shares at 0.50 pence each, a significant discount from the last closing price. The company’s CEO, Lorna Blaisse, stated that the funds will advance the company’s development phase, including deepening the Itumbula West-1 and execution of the EWT, following the award of the Mining License. The new shares are expected to start trading on the AIM market on June 14, 2024.
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