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Helios well-supported by major shareholders to advance Texas oil and gas strategy

Shares in Helios are 6% softer intra-day at $0.064.
Helios well-supported by major shareholders to advance Texas oil and gas strategy
The company is focused on Texas

Helios Energy Ltd (ASX:HE8) has boosted its cash position by $8.5 million through a placement to sophisticated and professional at $0.064.

Funds will be allocated to continue the company’s leasing of additional acres of oil and gas mineral rights in Presidio County in close proximity to its Presidio Oil Project.

The project is in Texas, U.S.

The placement was supported by the company’s largest and fifth largest shareholders.

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