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Blue Star Helium ( (AU:BNL) ) just unveiled an update.
Blue Star Helium has mailed the offer document and entitlement and acceptance forms for its previously announced pro-rata non-renounceable entitlement issue, under which eligible shareholders can subscribe for ten new shares for every thirty-three shares held at an issue price of $0.005 per share, aiming to raise up to about $5.46 million before costs. The offer, which closes on 23 January 2026 unless extended, represents a capital-raising step designed to bolster the company’s funding base, with ineligible shareholders formally notified of their inability to participate, underscoring the company’s continued reliance on equity markets to support its operational and development plans.
The most recent analyst rating on (AU:BNL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Blue Star Helium stock, see the AU:BNL Stock Forecast page.
More about Blue Star Helium
Blue Star Helium Limited is an ASX- and OTC-listed company focused on helium exploration and development, positioning itself within the specialty gases and energy-related resources sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$28.17M
Learn more about BNL stock on TipRanks’ Stock Analysis page.