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Helius Minerals raised C$39.9 million in a private placement to fund the acquisition of the Serra Pelada gold and platinum group metals project in Brazil. The company sold 832,150 units and 12.5 million subscription receipts at C$3 each.

Each unit consists of a common share and half a warrant, allowing the purchase of additional shares at C$4.50. Proceeds will be used for corporate expenses, fulfilling closing conditions, and early exploration in Pará State, despite a decline in the company's TSX Venture shares.