on Pulsar Helium Inc. (isin : CA7459321039)
Pulsar Helium Achieves Successful Fundraising and AIM Admission
Pulsar Helium Inc. has successfully secured £3.875 million through a fundraising initiative involving new common shares. Including a prior cornerstone investment, the total funds raised amount to £5 million. The company's shares will soon commence trading on the AIM Market of the London Stock Exchange, with the listing scheduled for October 18, 2024.
The fundraising involved placing 15.5 million new shares at 25p per share, including 1.44 million shares issued to advisers and 1,612,500 broker warrants. The funds will be used for developing the Topaz helium project in Minnesota and other corporate purposes. The company's market capitalization post-fundraise is projected at £31.6 million.
Pulsar's President & CEO expressed satisfaction with the oversubscription of the fundraising, reflecting investor confidence. The Admission Document, offering detailed information about the fundraising, is available on the company’s website.
R. H.
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