Oversubscribed7 Sep 2023 07:10
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that, following the announcement on 6 September 2023 (the "Launch Announcement") regarding the launch of a proposed placing (the "Placing") and a direct subscription (the "Subscription") (together, the "Fundraise"), the Company has raised gross proceeds of £6.3 million (approximately US$7.9 million) through the issue of an aggregate of 105,000,000 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of 6.0 pence per Ordinary Share (the "Issue Price"). The Fundraise was oversubscribed.