Helios Energy Strengthens Balance Sheet While Announces Leadership Transition
Helios Energy Limited (ASX: HE8) has completed a capital raising and debt restructuring initiative aimed at reinforcing its financial position while also announcing a change in executive leadership. The company issued 535.63 million new fully paid ordinary shares at an issue price of AU$0.003 per share, comprising a placement that raised approximately AU$1.51 million for working capital and the issue of shares to extinguish AU$100,000 of outstanding convertible note debt. The newly issued shares carry the same rights and entitlements as the company's existing ordinary shares and were allotted using Helios' available placement capacity under the ASX Listing Rules. Helios also confirmed compliance with its continuous disclosure obligations and relevant provisions of the Corporations Act.
Separately, Helios announced that Managing Director Philipp Kin has concluded his engagement with the company, with his resignation as a director effective immediately. The Board expressed its appreciation for his service and extended its best wishes for his future professional pursuits. According to the accompanying Appendix 3Z, Mr Kin held no direct shareholding at the time of his departure but retained an indirect equitable interest in 3.60 million fully paid ordinary shares through Motyl Investments Pty Ltd.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Helios Energy Strengthens Balance Sheet While Announces Leadership Transition
Helios Energy Limited (ASX: HE8) has completed a capital raising and debt restructuring initiative aimed at reinforcing its financial position while also announcing a change in executive leadership. The company issued 535.63 million new fully paid ordinary shares at an issue price of AU$0.003 per share, comprising a placement that raised approximately AU$1.51 million for working capital and the issue of shares to extinguish AU$100,000 of outstanding convertible note debt. The newly issued shares carry the same rights and entitlements as the company's existing ordinary shares and were allotted using Helios' available placement capacity under the ASX Listing Rules. Helios also confirmed compliance with its continuous disclosure obligations and relevant provisions of the Corporations Act.
Separately, Helios announced that Managing Director Philipp Kin has concluded his engagement with the company, with his resignation as a director effective immediately. The Board expressed its appreciation for his service and extended its best wishes for his future professional pursuits. According to the accompanying Appendix 3Z, Mr Kin held no direct shareholding at the time of his departure but retained an indirect equitable interest in 3.60 million fully paid ordinary shares through Motyl Investments Pty Ltd.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au