Pulsar Helium Issues 121,641 Shares to Directors

Pulsar Helium Inc. (TSXV:PLSR) (OTCQB:PSRHF) has issued 121,641 common shares to its directors. This move satisfies certain fees in shares instead of cash, as per the Executive Chair and Director Fee Arrangements. The fees, amounting to US$75,000, were converted to CAD$ using an exchange rate of 1.3687, resulting in CAD$102,654.75. The share calculation used a five-day VWAP of CAD$0.8439 per Share prior to June 30, 2024.

The shares were issued to Cambrian Limited (40,547 shares), Jón Ferrier (20,274 shares), Geoffrey Crow (19,260 shares), Doris Meyer (23,990 shares), and Garennes Ventures B.V. (17,570 shares). This transaction represents a "related party transaction" under MI 61-101 but is exempt from formal valuation and minority guard requirements due to the transaction not exceeding 25% of Pulsar's market capitalization.

The issued shares are under a four-month hold period. The fee arrangements were approved by disinterested shareholders on April 30, 2024.