Helium One Global Ltd (LON:HE1) has completed its extended 2D seismic programme at the Southern Rukwa project in Tanzania.

Helium One Global Ltd (“Helium One”, “we”, “us” or the “Company”) (LSE: HE1) announced that it has raised gross proceeds of £10 million through a subscription and placing (the “Placing” and “Subscription” together the “Fundraise”) by the issue of 100,000,000 Ordinary Shares (the “Fundraise Shares”) at 10p per Fundraise Share (“Issue Price”) with institutional and other investors.

It’s barely been a month since Samia Suluhu Hassan took office as the new President of Tanzania, but already the air of change is palpable.

Helium One Global Ltd’s (LON:HE1) David Minchin talks to Proactive London about the £10mln raised through an oversubscribed subscription and placing at 10p per share.

Interview with David Minchin, CEO of Helium One (LON:HE1) by CRUX Investor

The price of helium has shot up by more than 100 per cent over the past 12 months as the global market grapples for a lack of helium but could recent discoveries in Tanzania quench that thirst?

Helium One Global Limited (LON:HE1) said in-fill seismic data collection is underway ahead of its maiden drilling programme at Rukwa in Tanzania, which is scheduled to start in mid-May.