Gold Hydrogen Limited (ASX: GHY) (‘Gold Hydrogen’ or the ‘Company’) is pleased to advise it has received firm commitments for a $14.8 million institutional placement at $0.75 per share to existing and new institutional and sophisticated shareholders (the ‘Offer’).

The proceeds raised from the Offer will be used to fund and advance a work plan to undertake further exploration, well testing and project development related activities on the Ramsay Project.


  • The Offer was materially over-subscribed, endorsing the value proposition in Gold Hydrogen’s Ramsay Project.
  • Introduction of new well-known resource sector specific institutional funds strengthening the Company’s position and register.
  • Well-funded with circa $25m cash plus future R&D tax incentive refunds to further define its highly prospective Ramsay Project.
  • Significant commercial opportunities highlighted by discovery of hydrogen and world-class helium concentrations.

Click here to view the full ASX announcement in PDF format.