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Helix Exploration Plc ( (GB:HEX) ) has provided an announcement.
Helix Exploration PLC has announced the exercise of warrants for 1,222,400 new ordinary shares, raising £122,240. These shares will be admitted to trading on the London Stock Exchange’s AIM market, increasing the company’s total issued share capital to 186,317,400 ordinary shares. This move is expected to enhance the company’s financial position as it progresses toward production at its Rudyard Project, potentially impacting its market standing and offering growth opportunities for stakeholders.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration company focused on the exploration and development of helium deposits within the ‘Montana Helium Fairway’ in the USA. Founded by industry experts, the company is targeting production at its Rudyard Project in northern Montana, leveraging existing infrastructure and low-cost processing to achieve first gas in 2025. With three production wells, the company aims to generate significant revenue over a 12 to 14-year field life.
Average Trading Volume: 2,471,901
Technical Sentiment Signal: Strong Buy
For an in-depth examination of HEX stock, go to TipRanks’ Stock Analysis page.