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Helix Resources Limited ( (AU:HLX) ) just unveiled an update.
Helix Resources Limited has announced a renounceable pro rata entitlement offer to raise approximately $1.68 million. The funds will be used for drilling projects, resource estimation programs, and general working capital. The offer includes new shares and quoted options, with Mahe Capital partially underwriting the offer. This initiative aims to strengthen Helix’s financial position and support its ongoing exploration activities.
More about Helix Resources Limited
Helix Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper and gold projects, with a market focus on expanding its resource base and enhancing shareholder value.
Current Market Cap: A$5.05M
Learn more about HLX stock on TipRanks’ Stock Analysis page.