Noble Helium Launches Share Purchase Plan to Fund Exploration
- Apr 10, 2024
- 3 min read
Noble Helium announced a Share Purchase Plan (SPP) to raise up to A$3.5mm by offering existing shareholders new shares at A$0.09/sh (-8.9% from the VWAP over the last 5 days), with a bonus option scheme linked. Funds from the SPP will support the maturation of drilling targets in North Rukwa, exploration in North Nyasa, Eyasi, and Manyara licence areas in Tanzania, potential business development, and general working capital needs. The company's shares dropped ~10% after the news.