Helix Resources Launches $1.68 Million Entitlement Offer to Fund Key Projects

Helix Resources Limited ( (AU:HLX) ) just unveiled an update.

Helix Resources Limited has announced a renounceable entitlement offer to raise up to $1.68 million, priced at a 50% discount to the last closing price. The funds will be used for drilling at the White Hills copper-gold project and Gold Basin mineral resource estimation. The offer is partially underwritten by Mahe Capital and sub-underwritten by company directors, allowing eligible shareholders to trade their rights and apply for additional shares and options. This move prioritizes existing shareholders and aims to strengthen Helix’s financial position for ongoing projects.

More about Helix Resources Limited

Helix Resources Limited operates 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 significant emphasis on the White Hills copper-gold project and the Gold Basin mineral resource estimation programs.

Current Market Cap: A$6.73M

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