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Blue Star Helium ( (AU:BNL) ) has provided an announcement.
Blue Star Helium has completed its 10-for-33 non-renounceable entitlement offer, raising approximately A$1.06 million before costs through applications for 212.7 million new shares, including a significant portion via a top-up facility, representing around 20% participation by eligible shareholders. The offer closed with a shortfall of about 879 million shares, or roughly A$4.4 million, which the board may place with investors over the next three months at no less than the A$0.005 offer price, with new shares to be allotted and begin trading on 2 February 2026 and senior board members participating alongside shareholders, signalling internal support for the capital raising despite the modest take-up rate.
The most recent analyst rating on (AU:BNL) stock is a Sell 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 (ASX:BNL, OTC:BSNLF) is an Australian-listed helium company focused on exploring, developing and producing helium assets. The company targets opportunities in the global helium market, seeking to advance projects that can supply this specialty gas used in technology, medical, and industrial applications.
Technical Sentiment Signal: Sell
Current Market Cap: A$23.47M
Learn more about BNL stock on TipRanks’ Stock Analysis page.