HELIOS ENERGY LTD — Capital/Financing Update 2013

Mar 18, 2013

==> picture [269 x 123] intentionally omitted <==

19 March 2013

Company Announcements Office Australian Securities Exchange

By e-Lodgement

Dear Sir / Madam

INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A

Further to the Appendix 3B announced on 11 February 2013 for the issue of 17,875,000 fully paid ordinary shares in a placement ( Placement ), New Horizon Coal Ltd ( Company ) provides the following information required under ASX Listing Rule 3.10.5A.

The dilutive effect of the Placement on existing shareholders is as follows:

Placement issue under Listing Rule 7.1A (3,925,000 shares)Placement issue under Listing Rule 7.1 (13,950,000 shares)Total dilution as a result of Placement	4.22%15.00%
	19.22%

Details of the approximate percentage of the issued capital following the completion of the Placement held by pre-Placement shareholders and new shareholders are as follows.

Pre-Placement shareholders who did not participate in the Placement 84% Pre-Placement shareholders who did participate in the Placement 6% Participants in the Placement who were not previously shareholders 10%

The Company issued the shares as a placement under Listing Rule 7.1A as it was of the view that this was the most efficient mechanism for raising funds at the time and it received strong support for a capital raising to continue the ongoing development of the Kinney thermal coal project activities of the Company and to support new opportunities.

There was no underwriter to the Placement. The capital raising was managed by Delta Capital Pty Ltd, holder of AFS License 277935, who received a management fee of 1% and a fee of 5% on the funds raised by the Placement.

New Horizon Coal Ltd Gary Steinepreis Director

New Horizon Coal Ltd

Level 1, 33 Ord Street | West Perth, Western Australia 6005 Telephone: + 61 8 9420 9300 | Fax: + 61 8 9420 9399