The company will place 41 million new shares at £0.16 each on the London Stock Exchange’s AIM market.
The cash raised will be used to support the next stages of Helius’s two proposed 100MW biomass projects in Avonmouth and Southampton, both in southern England.
The London-based company has planning consent for Avonmouth and hopes to secure project finance for the plant before beginning construction in the second quarter of next year.
Helius
