PKF supports Helix Exploration’s admission to AIM

PKF has recently supported Helix Exploration PLC on their acquisition, fundraise and admission to trading on AIM. 

The company has raised gross proceeds of £7.5m, through the placing and subscription of 75,000,000 new shares at a price of £0.10 per ordinary share, giving a market capitalisation of £12.2m on admission.

Helix Exploration PLC is an exploration company focused on the commercial development and monetisation of a non-hydrocarbon associated helium-rich gas structure in the Ingomar Dome, located in central Montana.

PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys, Jack Devlin and Martha Povoas.

David Minchin, executive chairman Helix Exploration PLC, said: “We were delighted to have had the Capital Markets team of PKF Littlejohn as part of our team producing the highly successful IPO of Helix Exploration. As market demand escalated PKF were able to work with speed and accuracy against accelerated timelines – assisting with the delivery of an oversubscribed listing, on time and on budget.”