Helium One Global Ltd has raised a approximately £1 million from an oversubscribed retail offer for a total of 185,185,185 new ordinary shares at the issue price of 0.54 pence per share.
TVRs
The proceeds add to the £10m conditional fundraise on 18 July from three institutional investors.
Following admission, the company’s issued ordinary share capital will comprise 6,404,091,962 ordinary shares with one voting right each.
Helium One does not hold any ordinary shares in treasury.
The company’s assets lie in the southern Rukwa Basin in Tanzania and a 50% working interest in the Galactica-Pegasus development project in Colorado, USA.