Helix Exploration PLC
Deal Alert: PKF supports admission to AIM
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We are delighted to have supported Helix Exploration PLC on their acquisition, fundraise and admission to trading on AIM.
The company has raised gross proceeds of £7.5 million, through the placing and subscription of 75,000,000 new shares at a price of £0.10 per ordinary share, giving a market capitalisation of £12.2 million on admission.
Helix Exploration PLC is an exploration company focused on the commercial development and monetisation of a non-hydrocarbon associated helium-rich gas structure in the Ingomar Dome, located in central Montana.
“We were delighted to have had the Capital Markets team of PKF Littlejohn as part of our team producing the highly successful IPO of Helix Exploration. As market demand escalated PKF were able to work with speed and accuracy against accelerated timelines – assisting with the delivery of an over-subscribed listing, on time and in budget.”
David Minchin, Executive Chairman
Helix Exploration PLC
PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys, Jack Devlin and Martha Povoas.
Find out more about how our Capital Markets team can support you and your business here.