Blue Star Raises A$7mm for Helium Development and Exploration

AKAP
Oct 15, 2023
3 min read

Blue Star Helium secured A$7 million in a placement of 333mm new shares at an issue price of A$0.021/sh. The funds will be used to advance helium development and exploration in Colorado, particularly at the Voyager helium production facility, the Galactica and Pegasus projects, and for general working capital. The company is also considering a Share Purchase Plan (SPP) for eligible shareholders to raise up to A$2mm.

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