Pulsar Receives CDN$5 Million From Warrant Exercises
May 08 2024 - 6:00AM
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF)
(“
Pulsar” or the “
Company”) is
pleased to announce that 100% of the 10,295,858 common share
purchase warrants (the “
Warrants”) subject to the
Warrant Acceleration Notice as announced on April 5, 2024, have now
been exercised resulting in gross proceeds to the Company of
CAD$4,633,136. These Warrants were previously issued by the Company
in connection with its initial public offering completed August 15,
2023, at an exercise price of CAD$0.45.
In addition, 1,220,708 broker warrants were
exercised, at exercise prices of CAD$0.30 and CAD$0.45, for
aggregate gross proceeds of CAD$465,097.
The total aggregate gross proceeds of all
Warrants exercised is CAD$5,098,233.
President and Chief Executive Officer Thomas
Abraham-James commented, “The early exercise of these warrants
strengthens our treasury at an exciting and important time for the
Company. Proceeds from the warrant exercise will allow us to expand
our 2024 work programs and accelerate our efforts to unlock the
full value of the Topaz discovery.”
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company
listed on the TSX Venture Exchange with the ticker PLSR and on the
OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the
Topaz helium project in Minnesota, USA and the Tunu helium project
in Greenland. Pulsar is the first mover in both locations with
primary helium occurrences not associated with the production of
hydrocarbons identified at each. For further information visit
https://pulsarhelium.com, follow us on X
https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc. “Thomas
Abraham-James”President, CEO and Director
Further Information: Thomas Abraham-James
President, CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com + 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
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