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Blue Star Helium in A$15mm Equity Raise

Blue Star Helium Limited (ASX:BNL) received firm commitments to raise A$15 million in gross proceeds via an institutional placement of 267,857,143 new ordinary shares to institutional and sophisticated investors at an issue price of A$0.056 per share. The funds raised from the Placement enable Blue Star to accelerate helium exploration and development evaluation activities across its Las Animas County acreage in Colorado. As part of the raise Helium Ventures Plc invested A$0.4mm to gain exposure to a large pure play helium project in the U.S.

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