REG - Pulsar Helium Inc. - Pulsar Announces Co-Agent Private Placement

Pulsar HeliumAnnouncement

06/02/2025 07:00

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RNS Number : 1129W  Pulsar Helium Inc.  06 February 2025

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NEWS RELEASE | FEBRUARY 6, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES APPOINTMENT OF HOVDE GROUP AS CO-PLACEMENT AGENT FOR
SECOND TRANCHE OF PRIVATE PLACEMENT

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
announce that further to its news releases dated December 30, 2024 and January
10, 2025 in respect of its brokered private placement (the "Private
Placement"), the Company has entered into an agreement (the "Joinder
Agreement") with Hovde Group, LLC ("Hovde Group") pursuant to which Hovde
Group has been appointed as a co-placement agent with University Bank for the
second tranche of the Private Placement to raise up to US$5.5 million.

Net proceeds raised from the second tranche of the Private Placement will
increase the Company's working capital and this will enable the Company to
accelerate its strategic plan for the exploration and development at Pulsar's
Topaz project in Minnesota and to reach a final investment decision (FID) for
the construction of a combined helium and CO2 production facility.

The Private Placement is subject to receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange. The securities
being issued pursuant to the Private Placement will be subject to a four month
hold period in accordance with applicable Canadian securities law.

Caution to US Investors

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.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Further Information:

Pulsar Helium Inc.

connect@pulsarhelium.com (mailto:connect@pulsarhelium.com)

+ 1 (218) 203-5301 (USA/Canada)

+44 (0) 2033 55 9889 (United Kingdom)

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+44 (0) 207 409 3494

OAK Securities*

(Joint Broker)

Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon
Anadkat (Corporate Advisory)

info@OAK-securities.com (mailto:info@OAK-securities.com)

+44 203 973 3678

BlytheRay Ltd

(Financial PR)

Megan Ray / Said Izagaren

+44 207 138 3204
 

pulsarhelium@blytheray.com (mailto:pulsarhelium@blytheray.com)

*OAK Securities is the trading name of Merlin Partners LLP, a firm
incorporated in the United Kingdom and regulated by the UK Financial Conduct
Authority.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company listed on the AIM market of
the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR,
as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of
its flagship 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:

Website https://pulsarhelium.com (https://pulsarhelium.com)

X https://x.com/pulsarhelium (https://x.com/pulsarhelium)

LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc
(https://ca.linkedin.com/company/pulsar-helium-inc) .

Neither the 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.

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