CAPITAL MARKETS

Helix cashes up for Cobar copper work

COBAR region copper explorer Helix Resources is raising up to A$13 million for its work in New South Wales, with “significant institutional” backing accounting for around $11 million of the funding and another $2 million being sought in a share purchase plan.

 Helix at Canbelego, NSW

Helix at Canbelego, NSW

The new shares are to be priced at 1.2c each. The majority of the placement has been allocated to institutional mining and resources investors, "the first time the company has secured a significant...

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