• Raised $1.7 million through successful rights issue
• Undertaking $300,000 private placement to accommodate excess demand
• Funds to be used for drilling at White Hills copper-gold project and Gold Basin mineral resource estimation

Helix Resources Ltd (ASX: HLX) has announced the completion of its renounceable rights issue and shortfall offer, which raised approximately $1.7 million (before costs) through the issue of 1,682,096,840 new fully paid ordinary shares at $0.001 each and 841,048,420 new options exercisable at $0.002 each and expiring on 10 September 2027. To accommodate the excess demand from existing shareholders and new investors, the company has agreed to undertake a private placement to raise an additional $300,000 on the same terms as the rights issue. The total amount raised through the rights issue and placement will be $1,982,097 (before costs), which will be used for drilling at the White Hills copper-gold project, Gold Basin mineral resource estimation programs, and general working capital. The company's Executive Chairman, Michael Povey, expressed gratitude for the continued support and enthusiasm from shareholders as Helix embarks on the development of the White Hills and Gold Basin projects.