Pulsar Helium Successfully Closes First Tranche of Private Placement

Pulsar Helium Inc. announced the completion of the initial tranche of its private placement, securing US$2 million through the issuance of 5,263,160 common shares at US$0.38 each. This tranche saw participation from prominent investors, including University Bancorp, Inc., which now owns 4.99% of Pulsar's shares.

The funds will finance the drilling of Jetstream #2 at the Topaz project. Preparations for drilling have advanced, with the rig installation imminent. The company aims to expand its passive seismic footprint within the project area.

Trading of the new shares on AIM is anticipated by January 15, 2025. Following this issuance and recent warrant exercises, Pulsar's total share count stands at 132,567,977. The company plans to finalize the remaining private placement in the coming weeks.