For Sophisticated (s708) Investors only
HE8 went into trading halt pre market open this morning. The capital raising is at 13.1c (12.7% discount to last trade 15c). The $6m raise has already been fully committed by strategic investors, however we expect the company to accept oversubscriptions at their discretion. We're pleased to present to you this offer. Please see the following links and information:
1. Deal Sheet
2. The Investor Presentation announced this morning.
3. Video Interview: Executive Series 29 Nov 18: Helios Energy (HE8) Managing Director Richard He
For further background, here's an article from our head of trading, Greg Tolpigin, indicating how "targets towards $1.50 are not as ridiculous as they seem"!:
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Corporate Finance - Executive Director
Gleneagle Securities (Aust) Pty Limited
Level 27, 25 Bligh Street, Sydney NSW 2000
Ph: +612 8277 6683