Helios raises $5.2M for Presidio project

AUSTRALIAN smallcap Helios Energy has raised A$5.2 million for its onshore ‘Presidio’ oil development in Texas, US.

Helios raises $5.2M for Presidio project Helios raises $5.2M for Presidio project Helios raises $5.2M for Presidio project Helios raises $5.2M for Presidio project Helios raises $5.2M for Presidio project

Today Helios told the market it had conducted a successful placement to sophisticated and professional investors and would issue 27.4 miollion shares at 19 cents per share, raising just over $5.