Helium One Global Ltd (“Helium One”, “we”, “us” or the “Company”) (LSE: HE1) announced that it has raised gross proceeds of £10 million through a subscription and placing (the “Placing” and “Subscription” together the “Fundraise”) by the issue of 100,000,000 Ordinary Shares (the “Fundraise Shares”) at 10p per Fundraise Share (“Issue Price”) with institutional and other investors.

· Significiantly oversubscribed Placing and Subscription raising £10 million at 10p per share

· Funds will be used to continue the fast-track development programme of the Company’s Rukwa project in Tanzania

· Proceeds will enable the Company to save significant time and costs by keeping drilling equipment in the field to carry out appraisal work immediately following intended exploration success

· Proceeds will also allow contracting of 3D seismic over any discovery, maximising resource to reserve conversion and allowing completion of the majority of the field appraisal programme before the end of 2021

· Company’s directors intend to participate in the Subscription

https://www.share-talk.com/david-minchin-ceo-of-helium-one-global-ltd-he1-l-interview-2/