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Helios Energy Ltd (ASX:HE8)

ALERT: Price-sensitive ASX Announcement for HE8
Current share price for HE8 : $0.002 -0.001 (-20%)+
Announcement
Release
3 Jun 2026 9:19AM
Price at Release
$0.003
Full Release
download
Summary
Helios Energy Ltd has successfully completed a placement of 502,300,680 fully paid ordinary shares at an issue price of $0.003 per share, raising $1,506,902 for working capital purposes. Additionally, $100,000 of debt under existing convertible notes was settled through the issuance of 33,333,334 shares. These new shares rank equally with their existing ordinary shares, and the issuance utilized the company's available placement capacity under the ASX Listing Rules 7.1 and 7.1A. The company provided notice under Section 708A(5) of the Corporations Act 2001, confirming compliance with relevant provisions of the Act.
Key Points
  • Helios Energy Ltd completed a placement of 502,300,680 fully paid ordinary shares at $0.003 per share.
  • The placement raised $1,506,902 for working capital purposes.
  • An additional $100,000 of debt from convertible notes was extinguished by issuing 33,333,334 shares.
  • All new shares rank equally with existing ordinary shares.
  • The placement used the company's capacity under ASX Listing Rules 7.1 and 7.1A.
  • Notice was issued under Section 708A(5) of the Corporations Act 2001.
  • The company has complied with relevant provisions of the Corporations Act as of the date of notice.
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.