Australia's Helios Energy slides most in three months on discounted placement

Helios Energy

13/03/2025 01:29

** Shares of Helios Energy HE8.AX fall as much as 18.8% to A$0.013, losing most since December 13, 2024

** Co proposes to raise A$2.6 million ($1.64 million) at an offer price of A$0.007 per share

** Offer price represents a discount of 56% to stock's close on March 10

** Shares were on a trading halt from March 11-12 prior to the announcement on the placement

** Shares up 14.3% this year

   ($1 = 1.5810 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))