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Helios Energy Ltd (ASX:HE8)

ALERT: Price-sensitive ASX Announcement for HE8
Current share price for HE8 : $0.002 0 (0%)+
Announcement
Release
20 May 2026 5:33PM
Price at Release
$0.002
Full Release
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Summary
Helios Energy Ltd announced a placement of 535,634,014 shares at $0.003 per share, which raised $1,506,902 for working capital purposes. Additionally, the company extinguished $100,000 of debt by issuing 33,333,334 shares. Settlement of the new shares from the placement is expected by 27 May 2026, with shares issued due to debt extinguishment to follow on 29 May 2026. A significant investor in this transaction is Mr. Hailin Jiang. All shares issued will rank equally with existing ordinary shares, conducted under ASX Listing Rules 7.1 and 7.1A.
Key Points
  • Helios Energy Ltd conducted a placement of 535,634,014 shares at $0.003 per share.
  • The placement raised $1,506,902 for working capital purposes.
  • Extinguishment of $100,000 of debt occurred through issuing 33,333,334 shares.
  • Settlement of new shares under the placement is expected by 27 May 2026.
  • Shares related to extinguishment of debt will be issued on 29 May 2026.
  • Mr. Hailin Jiang, a key investor, is involved in the placement.
  • Shares will rank equally with existing ordinary shares.
  • The company utilised its placement capacity under ASX Listing Rules 7.1 and 7.1A.
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.