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Quantum Helium Raises GBP5 Million via Conditional Share Placing

-- Quantum Helium (QHE.L) raised 5 million pounds sterling through a conditional share placing for institutional investors.

The helium, hydrogen, and hydrocarbon company placed 16,666,666,667 new shares priced at 0.0003 pound apiece, according to a Friday release.

The proceeds will be used to finance well planning, procure long-lead items, and design infrastructure for the Sagebrush and Coyote Wash helium projects in Colorado, US, as well as for technical work and as additional working capital.

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