Helium One Global Ltd (LON:HE1), the primary helium explorer in Tanzania, has announced that, following the announcement on 13 December 2022 regarding the launch of a proposed placing and a direct subscription, the Company has made the decision, as a result of significant investor demand, to increase the Fundraise to a total of approximately £9.9 million (approximately US$12.3 million). The additional funds will provide the Company with greater working capital flexibility during and after the proposed drilling programme in Q1 2023.
The Company and the Joint Bookrunners are completing the final administrative elements of the Fundraise and the Company will release an announcement in due course confirming the final details of the Fundraise.