Business
Pulsar Announces a Successful Conditional Fundraising and Publication of an Aim Admission Document
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBL...
About this update from Pulsar Helium, Inc.
[{"type":"text","content":"Pulsar Announces a Successful Conditional Fundraising and Publication of an Aim Admission DocumentTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, PORTUGAL / ACCESSWIRE / October 15 2024 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) (\"Pulsar\" or the \"Company\"), the helium project development company, is pleased to announce that it has conditionally raised £3.875 million (C$7 million) (before expenses), through a placing of new common shares with new and existing investors (the \"Fundraising\") and is today publishing an AIM admission document (\"Admission Document\") in connection with the admission of the enlarged share capital of the Company to trading on the AIM Market of the London Stock Exchange plc (\"AIM\")(\"Admission\"). The Company will maintain its listing on the TSX Venture Exchange (\"TSX-V\") in Canada and the OTCQB Venture Market in the United States.Total gross funds raised by the Company pursuant to the Fundraising and the £1.125 million pre-IPO cornerstone investment as first announced on 21 August 2024, therefore amount to £5 million.HIGHLIGHTS OF THE FUNDRAISINGThe Fundraising comprises a placing of 15,500,000 new common shares (the \"Fundraising Shares\" and each common share of the Company, a \"Common Share\") at a price of 25p (approximately C$0.45) (the \"Issue Price\") per Fundraising Share.As announced on 3 September 2024, the Company closed a pre-IPO cornerstone investment of £1.125 million (the \"Cornerstone Investment\") by way of a subscription for special warrants of the Company by Jerome Anthony Keen (the \"OAK Subscriber\"), a principal of OAK Securities (a trading name of Merlin Partners LLP) (\"OAK\"), pursuant to a special warrants subscription agreement entered into between the OAK Subscriber and the Company. On receipt of conditional approval from the TSX-V, the Cornerstone Investment will convert, at the ...