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Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

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Share Price: 0.695
Bid: 0.68
Ask: 0.71
Change: 0.00 (0.00%)
Spread: 0.03 (4.412%)
Open: 0.69
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Low: 0.366
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TRADING UPDATES: Pantheon Resources repays notes; Corcel raises funds

Wed, 14th Dec 2022 22:01

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Pantheon Resources PLC - Alaska-focused oil and gas company - Pays quarterly principal repayment of USD2.5 million and the interest payment of USD416,500 for its senior unsecured convertible bonds due 2026 through the issuance of new shares. Issues a total of 3.3 million new ordinary shares.

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Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Agrees to the terms on a convertible loan facility for up to USD10 million with Riverfort Global Opportunities and YA II PN Ltd. Makes an initial drawn amount of USD2.5 million, which it expects to be received on Wednesday. Notes that no interest is payable on the initial advance and that any interest rate on any further advance is to be agreed between the parties.

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Trackwise Designs PLC - Tewkesbury, Gloucestershire-based products using printed circuit technology - Increases the size of its placing and subscription to roughly GBP4.3 million following the placing of 425.0 million new shares and a subscription of 300,000 shares at an issue price of 1 pence per shares.

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Iofina PLC - London-based iodine producer - Says that its chemical division was awarded ISO certification following the QMS evaluation process. Says that the ISO certification will challenge the company to improve as an organisation.

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Corcel PLC - London-based mining and mineral resource development company - Raises gross proceeds of GBP466,000 from the issue of 116.5 million new shares at a price of GBP0.004 to Auspect Investment PTY Ltd. The placing price represents a 95% premium to the closing share price on December 13. Notes that Auspect intends to distribute the shares to a Hong Kong-registered company with the same name, once that company is set up. Intends to use a portion of the funds from this fundraising to complete the retirement of the corporate debt due in March 2023.

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Helium One Global Ltd - London-based helium explorer in Tanzania - Raises gross proceeds of roughly GBP9.9 million through the issue of 197.9 million new shares at a price of 5.0 pence per share. The fundraise included a placing of 175.6 million new shares and a subscription of 22.4 million new shares to raise roughly GBP1.1 million. Following the admission of the fundraise shares, its issued and fully paid share capital will consist of 820.3 million shares. "Following on from the NPC investment announced in October, we welcome this additional capital, priced at a healthy premium, confirming the board's view of a current valuation discrepancy in the market. This new investor, when combined with our new NPC cornerstone points to an exciting future for Corcel and its interests and sets the foundation for our operations and direction in 2023," CEO Scott Kaintz comments.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
11 Jun 2024 19:09

IN BRIEF: Helium One raises GBP8.0 million in placing, subscription

Helium One Global Ltd - Tanzanian-focused producer of low-carbon helium - Raises GBP8.0 million via placing and subscription at 0.50 pence per share. Explains the placing was conducted through an accelerated bookbuild process undertaken by Liberum Capital Ltd and Zeus Capital Ltd acting as joint bookrunners and Axis Capital Markets acting as placing agent.

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11 Jun 2024 10:45

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10 Jun 2024 19:45

IN BRIEF: Helium One Global to raise GBP8.0 million to fund well test

Helium One Global Ltd - Tanzanian-focused producer of low-carbon helium - Plans to raise minimum GBP8.0 million via placing and direct subscription at 0.50 pence per share. The placing will be conducted through an accelerated bookbuild process to be undertaken by Liberum Capital Ltd and Zeus Capital Ltd acting as joint bookrunners and Axis Capital Markets acting as placing agent. The placing will be made to certain existing shareholders and other institutional and high net worth investors. All directors of the company and certain members of management will participate in the subscription up to GBP35,000. Proceeds will be utilised to complete an extended well test on Itumbula West-1 to evaluate commercial flow rates of helium prior to the development phase, as well as providing additional funds for operational contingency.

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10 Apr 2024 14:20

Helium One begins work to obtain mining licence for Tanzanian project

(Alliance News) - Helium One Global Ltd on Wednesday said its Rukwa project had advanced to the next operational phase.

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10 Apr 2024 13:15

Helium One Global reports progress at Rukwa Project

(Sharecast News) - Tanzania-focussed helium explorer Helium One reported progress and updated on strategic initiatives at its Rukwa Project in an update on Wednesday.

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7 Mar 2024 14:31

EARNINGS AND TRADING: Nexus revenue drops; Brooks MacDonald revenue up

(Alliance News) - The following is a round-up of earnings and trading updates of London-listed companies, issued on Thursday and not separately reported by Alliance News:

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7 Mar 2024 11:00

Helium One reports solid first-half progress in Tanzania

(Sharecast News) - Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator 220 drilling rig, which it said had been successfully mobilised to the Rukwa site.

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7 Mar 2024 10:06

AIM WINNERS & LOSERS: Strategic Minerals up on February sales

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7 Feb 2024 13:59

Helium One raises £4.7m to advance planning in Tanzania

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced on Wednesday that it has raised £4.7m ($5.92m) through a company-led placing of 313,333,333 new shares at a price of 1.5p each.

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7 Feb 2024 10:01

Helium One Global raises GBP4.7 million for work programme in Tanzania

(Alliance News) - Helium One Global Ltd on Wednesday said it has raised GBP4.7 million, to progress its work programme in Tanzania.

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7 Feb 2024 09:29

AIM WINNERS & LOSERS: Verditek falls on cash shell plans

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LONDON MARKET MIDDAY: FTSE 100 rises as UK service sector impresses

(Alliance News) - Stock prices in London were higher midday Monday, after data showed that the UK services sector kicked off the new year with its most robust performance since May.

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5 Feb 2024 11:41

Helium One shares soar on latest Itumbula West progress

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced significant progress in its latest drilling operation, the Itumbula West-1 well, on Monday.

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5 Feb 2024 10:30

AIM WINNERS & LOSERS: Helium One Global jumps on Itumbula West-1 well

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