Liberum acts as Nomad and Joint Bookrunner on a £6.8m fundraising for Helium One Global Ltd
We are pleased to announce that Liberum acted as Nomad and Joint Bookrunner on a Placing and Retail Offer (the “Fundraise”) raising £6.8m for Helium One Global Ltd (the “Company”)
The net proceeds of the fundraise will be used for drilling a second exploration well (Itumbula-C SE) on the Itumbula prospect immediately after the completion of the current drilling programme of the Tai-C well in the Rukwa Basin, additional licensing fees and general working capital purposes. The current drilling programme at Tai-C was funded by a £9.9m fundraise undertaken by the Joint Bookrunners in December 2022.
The Joint Bookrunners delivered significant and high-quality demand with the Placing, and Retail Offer, being significantly oversubscribed and being supported by both existing shareholders and new investors.
Liberum was appointed as Nominated Adviser and Joint Broker to Helium One in February 2022.
Investment Banking – Scott Mathieson, Edward Thomas, Nikhil Varghese, Anake Singh
Sales – Simon Fickling, William Game, Joel Knight, Ruth Watts, Oliver Houghton
Legal – Rebecca Gordon
Corporate and Investor Relations – Nicole Barbour
Settlements – Mark Proctor, Rob Simpson