Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) shares strengthened on Wednesday after the small-cap further bolstered its coffers with a £1 million raise.
It has launched a retail offer to raise up to £1 million via the Winterflood Retail Access Platform.
The offer is open to existing shareholders in the UK. It will see the sale of some 185.18 million new shares, at 0.54p each.
Proceeds will be used for general working capital.
The retail offer follows shareholder approval for a separate £10 million institutional investment agreement, which is expected to fund the next phase of operations in Tanzania and the United States.