leadf
logo-loader
viewHelium One Global Ltd

Helium One makes strong debut on London's AIM market

"Our admission to AIM is a hugely significant moment for Helium One,” said chief executive David Minchin

Helium One - Helium One makes debut on London's AIM market

Helium One Global Ltd (LON:HE1) made a strong start to life on the London Stock Exchange, trading at a large premium to last month’s placing price.

The company today joined AIM following its amalgamation with Attis Oil and Gas.

It arrives on the junior bourse with around 496mln shares, which is based on November’s placing price of 2.84p, gave the company a market value of around £14.1mln.

Helium One raised £6mln through an oversubscribed share placing with institutional and other investors paying 2.84p per share.

The opening price on AIM was marked at 5.875p, and, after early deals the share was changing hands at around 5.38p.

READ: Helium One placing was significantly oversubscribed

Helium One’s main asset, the Rukwa project, is a large scale primary helium project in Tanzania which is estimated to be one of largest projects of its type in the world.

It is fully-funded for an exploration programme that’s slated to start in the first half of 2021. It will comprise seismic and three wells.

"Our admission to AIM is a hugely significant moment for Helium One,” said David Minchin, Helium One chief executive in a statement.

“Following our oversubscribed capital raise we are fully funded to carry out an aggressive exploration programme commencing in Q1/Q2 2021. This drilling programme will enable us to prove what we believe is an asset with globally strategic implications in a supply-constrained helium market.”

He added: "Helium One is the only company listed on AIM that provides investors exposure to helium - a scarce and irreplaceable commodity which is essential for many modern technologies. We look forward to updating our new and existing shareholders as we progress this programme."

Helium One participated in Proactive’s virtual investor forum on November 26

Quick facts: Helium One Global Ltd

Price: 7.403 GBX

AIM:HE1
Market: AIM
Market Cap: £37 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Helium One Global Ltd named herein, including the promotion by the Company of Helium One Global Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Helium One Global update on the 'countdown to drilling' with 'everything on...

Helium One Global Ltd's (LON:HE1) David Minchin provides our Proactive audience with an update on the seismic exploration programme at the Rukwa project in Tanzania. Mobilisation of the survey and line-clearing crews has begun and everything is 'progressing on time and on schedule'. The...

6 days, 20 hours ago

2 min read