Helium One Global Ltd on Wednesday said it has raised GBP4.7 million, to progress its work programme in Tanzania.
The primary helium explorer said it has GBP4.7 million through a placing of 313.3.
By Elena Vardon Helium One Group shares fell after the company said it has temporarily suspended operations at a drilling rig of its Tai-3 well in Tanzania.
Helium One Global Ltd on Monday said it has commenced drilling on its Tai-3 well in Tanzania.
The Tanzania-focused helium explorer said it expects to reach a total depth of 1,100 metres within two.
Helium One Global Ltd on Monday said it has acquired an Epiroc Predator 220 drilling rig for use at its Rukwa project in Tanzania.
Helium One shares surged 41% to 7.19 pence each on Monday morning in.