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Blue Star Helium Limited (ASX:BNL)

ALERT: Price-sensitive ASX Announcement for BNL
Current share price for BNL : $0.005 -0.004 (-44.44%)+
Announcement
Release
30 Mar 2026 9:56AM
Price at Release
$0.009
Full Release
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Summary
Blue Star Helium Limited announced a successful institutional placement raising A$10.0 million by issuing 1,666,666,667 new ordinary shares at A$0.006 each. This oversubscribed placement received strong interest from institutional and sophisticated investors. The funds will be directed towards advancing the Galactica and Pegasus helium projects and general working capital. The placement is structured in two tranches, with Tranche 1 settlement expected on 7 April 2026, and Tranche 2 subject to shareholder approval at the AGM in mid-May 2026. Canaccord Genuity (Australia) Limited acted as Lead Manager, with Blackpeak Capital Pty Ltd as Corporate Advisor for the placement.
Key Points
  • Blue Star Helium Limited successfully raised A$10.0 million.
  • The funds were raised through an institutional placement.
  • A total of 1,666,666,667 new ordinary shares were issued at A$0.006 per share.
  • The placement was oversubscribed and received strong support from various investors.
  • The funds will be used for advancing the Galactica and Pegasus projects.
  • The placement will be completed in two tranches.
  • Settlement of Tranche 1 is expected on 7 April 2026.
  • Shareholder approval for Tranche 2 is expected at the AGM in mid-May 2026.
  • Canaccord Genuity (Australia) Limited and Blackpeak Capital Pty Ltd were involved as Lead Manager and Corporate Advisor respectively.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.