Placing April 16 2021.....See Current SP as an opportunity14 Dec 2022 19:48
HELIUM ONE GLOBAL LTD
PLACING AND SUBSCRIPTION TO RAISE £10 MILLION
TO ENHANCE THE DEVELOPMENT PROGRAMME ON THE RUKWA PROJECT IN TANZANIA
Total Voting Rights
LONDON, UK (April 16, 2021) - Helium One Global Ltd ("Helium One", "we", "us" or the "Company") (LSE: HE1) is pleased to announce that it has raised gross proceeds of £10 million through a subscription and placing (the "Placing" and "Subscription" together the "Fundraise") by the issue of 100,000,000 Ordinary Shares (the "Fundraise Shares") at 10p per Fundraise Share ("Issue Price") with institutional and other investors.
Highlights
· Significiantly oversubscribed Placing and Subscription raising £10 million at 10p per share
· Funds will be used to continue the fast-track development programme of the Company's Rukwa project in Tanzania
· Proceeds will enable the Company to save significant time and costs by keeping drilling equipment in the field to carry out appraisal work immediately following intended exploration success
· Proceeds will also allow contracting of 3D seismic over any discovery, maximising resource to reserve conversion and allowing completion of the majority of the field appraisal programme before the end of 2021
· Company's directors intend to participate in the Subscription