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Helios Energy Ltd ( (AU:HE8) ) has provided an announcement.
Helios Energy Ltd has successfully raised A$691,325 through the issuance of interest-free convertible notes to fund its ongoing exploration and operational activities at the Presidio Project in Texas. This financial move not only supports the repayment of current director and staff loans but also ensures that Helios maintains its operational licenses and regulatory standing in Texas. The convertible notes, which can be converted into ordinary shares, were issued with the support of the Thorny Investment Group and clients of Gleneagle, reflecting strong investor confidence in Helios’ asset position.
More about Helios Energy Ltd
Helios Energy Ltd operates in the oil and gas industry, focusing on exploration projects. Its primary activities include the exploration and development of the Presidio Project located in Texas, USA. The company is actively engaged in geological and technical assessments and securing necessary licenses to advance its operations.
YTD Price Performance: 30.0%
Average Trading Volume: 545,954
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$33.85M
See more data about HE8 stock on TipRanks’ Stock Analysis page.
