Helix Resources Limited (AU:HLX) has released an update.
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Helix Resources Limited has entered into an Implementation Agreement with Acta Investment Group, enhancing the terms of a takeover offer by securing a $500,000 share placement and focusing on shareholder value creation. Acta will acquire up to 19.99% of Helix shares, providing capital for Helix’s Cobar exploration initiatives. This agreement, coupled with reduced conditions, presents a refined opportunity for Helix shareholders amid challenging market conditions.
For further insights into AU:HLX stock, check out TipRanks’ Stock Analysis page.
