Helium One Ltd, the pure play helium (He) explorer in Tanzania, has reported recent progress.
Helium One has informed its shareholders – including Solo Oil plc, the natural resources investment company that currently holds a 15% equity interest in the company – of various financing options available to fund ongoing exploration activities. One of these options may involve undertaking an initial public offering (IPO) on the Australian Securities Exchange (ASX).
Whilst the exact timing and nature of the capital raising is yet to be finalised, the current expectation is that Helium One will target a listing in mid-2018, should this ultimately be the preferred financing path.
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