Helix Resources Ltd Completes Placement
Key points
- Completed placement of 534,629,052 shares at $0.00125 each
- Raised $668,286 through CPS Capital Group
- Utilized existing placement capacity under Listing Rule 7.1A
- Funds to be used for exploration and development
- Significant copper and gold projects in Arizona and Cobar
Full summary
Helix Resources Ltd (ASX: HLX) announced the completion of a placement of 534,629,052 new fully paid ordinary shares at $0.00125 per share, raising a total of $668,286. The placement was conducted through CPS Capital Group Pty Ltd and utilized the Company's existing placement capacity under Listing Rule 7.1A. The funds raised will be used for exploration and development activities. Helix Resources is an ASX-listed resources company exploring for copper and gold in Arizona, USA, and in the copper-producing regions of Cobar, NSW. The company holds significant ground positions in these areas, with projects including the White Hills Copper-Gold Project in Arizona and the Helix-Legacy earn-in in Cobar.
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