Helium One Global Limited (GB:HE1) has released an update.
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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.
For further insights into GB:HE1 stock, check out TipRanks’ Stock Analysis page.
