Ann: $3m raised to accelerate exploration on Cobar copper project, page-2

$3m raised to accelerate exploration
on Cobar copper projects
Helix is pleased to announce that it has received binding applications for $3 million (before costs) via a 2-tranche
placement of approximately 300 million New Shares at $0.01 per share to fund an aggressive exploration program
at the Collerina and Canbelego copper projects located in central NSW.
The placement saw very strong interest from new shareholders with the Company expanding the placement to
accommodate the increased demand.
Commenting on the success of the capital raising, Managing Director Mike Rosenstreich noted “the Company is
encouraged by the strong demand from new shareholders which has resulted in an expanded raising being
undertaken. This raising places the Company in a strong position to go big on exploration for copper at Collerina
and Canbelego and provides additional funding for regional exploration as we look to further define and grow our
copper resources in the region.”
Due to strong demand, the placement will be by way of a two‐tranche sophisticated investor capital raising
comprising:
• Tranche 1 – An initial placement to raise $1,799,183.14 (Tranche 1) under the Company’s existing 15% (LR
7.1) and 10% (LR 7.1A) placement capacity; and
• Tranche 2 – A capital raising of up to $1,200,816.86 (Tranche 2) to be undertaken subject to shareholder
approval.
The placement price is the same price as the last trading price.
Settlement of New Shares is expected to occur on 23 February 2021.
An updated Corporate Investor presentation and Appendix 3B and 2A to follow.
JP Equity Partners acted as lead manager