REG - Pulsar Helium Inc. - Pulsar Helium Announces Result of Fundraise

Pulsar HeliumAnnouncement

21/08/2025 07:30

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RNS Number : 2394W  Pulsar Helium Inc.  21 August 2025

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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE
ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION WHERE
TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("UK MAR"), AS
IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018, AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("EU MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.

Unless otherwise defined herein, capitalised terms used in this announcement
have the same meanings given to them in the Company's announcement dated
August 20, 2025.

NEWS RELEASE | AUGUST 21, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES RESULT OF FUNDRAISE

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 announcement on August 20, 2025 of the Offering,
conducted in the United Kingdom by way of an accelerated bookbuild, the
Company has raised gross proceeds of GBP 3,444,100 (approximately
CAD$6,438,745), through the issue of 14,974,338 new Common Shares at the Issue
Price of GBP 0.23 (approximately CAD$0.43) per Common Share. The Company has
also received subscriptions in Canada for an additional 1,200,000 new Common
Shares at the Issue Price, for additional gross proceeds of CAD$516,000 (the
"Subscription").

Accordingly, pursuant to the Offering and Subscription, the Company has raised
aggregate gross proceeds of GBP 3,720,100 (approximately CAD$6,954,727). The
Company has completed its fundraising efforts pursuant to the Offering and
will no longer be accepting subscriptions.

The Company's shareholder and principal lender, University Bancorp Inc.,
participated in the Offering to increase its interest to 4.99% of Pulsar's
enlarged share capital.

The Company offered the Common Shares for sale pursuant to the LIFE Exemption;
as such, the Common Shares to be issued to subscribers will not be subject to
resale restrictions in accordance with Canadian securities laws. The Offering
and Subscription remains subject to the satisfaction of certain conditions,
including, but not limited to, the receipt of all necessary regulatory and
other approvals, which is expected to occur on or about August 29, 2025.

OAK Securities (a trading name of Merlin Partners LLP) acted as the Company's
exclusive bookrunner and placement agent in connection with the Offering to UK
residents.

Admission to AIM and total voting rights

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the 16,174,338 new Common Shares, which is expected to
occur and dealings commence at 8.00 a.m. on or around August 29, 2025. The new
Common Shares, when issued and fully paid, will rank pari passu in all
respects with the existing Common Shares.

On Admission, the total number of Common Shares in issue will be 150,267,309
with voting rights. This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company's
issued share capital pursuant to the Company's Articles.

Use of proceeds

Net proceeds received pursuant to the Offering will be used to advance
Pulsar's flagship Topaz helium project in Minnesota, USA and for general
working capital purposes. Specifically, the Company intends to sign a new
contract for drilling of up to 10 new appraisal wells, to further define the
size and shape of the helium-bearing reservoir. Other activities to be funded
from the net proceeds of the Offering within the coming 12 months include a
preliminary economic assessment and resource update.

Further information

Subject to compliance with applicable regulatory requirements and in
accordance with National Instrument 45-106 - Prospectus Exemptions ("NI
45-106"), the 16,174,338 new Common Shares issuable under the Offering and the
Subscription were placed to purchasers resident in the UK and all of the
provinces of Canada (except Quebec) pursuant to the listed issuer financing
exemption under Part 5A.2 of NI 45-106 (the "LIFE Exemption"). As such, the
securities to be issued to subscribers will not be subject to resale
restrictions in accordance with applicable Canadian securities laws.

The securities described herein 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 United States state securities laws, and may not be offered or
sold in the United States or to, or for the account or benefit of, United
States persons absent registration or any available exemption from the
registration requirements of the U.S. Securities Act and applicable United
States state securities laws. This press release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any sale of
the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.

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)

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

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

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

Ritchie Balmer / Rob Patrick

+44 (0)20 7409 3494

OAK Securities*

(Joint Broker)

Richard McGlashan / Mungo Sheehan

+44 7879 646641 / +44 7788 266844

richard.mcglashan@oak-securities.com
(mailto:richard.mcglashan@oak-securities.com) /
mungo.sheehan@oak-securities.com (mailto:mungo.sheehan@oak-securities.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.

Yellow Jersey

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

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

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of
the London Stock Exchange and listed on 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.

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.

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.

Forward-Looking Statements

This news release and the interview contains forward-looking information
within the meaning of Canadian securities legislation (collectively,
"forward-looking statements") that relate to the Company's current
expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always, through
the use of words or phrases such as "will likely result", "are expected to",
"expects", "will continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection", "strategy",
"objective" and "outlook") are not historical facts and may be forward-looking
statements. Forward-looking statements herein include, but are not limited to,
statements relating relating to the expected date of closing of the Offering
and the Subscription and the expected use of net proceeds of the Offering and
the Subscription. Forward-looking statements may involve estimates and are
based upon assumptions made by management of the Company, including, but not
limited to, the Company's capital cost estimates, management's expectations
regarding the availability of capital to fund the Company's future capital and
operating requirements and the ability to obtain all requisite regulatory
approvals.

No reserves have been assigned in connection with the Company's property
interests to date, given their early stage of development. The future value of
the Company is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future exploration,
appraisal and development of its assets, and potential acquisition of property
interests in the future. No un-risked Contingent and Prospective Helium
Volumes have been defined at the Tunu Project. However, estimating helium
volumes is subject to significant uncertainties associated with technical data
and the interpretation of that data, future commodity prices, and development
and operating costs. There can be no guarantee that the Company will
successfully convert its helium volume to reserves and produce that estimated
volume. Estimates may alter significantly or become more uncertain when new
information becomes available due to for example, additional drilling or
production tests over the life of field. As estimates change, development and
production plans may also vary. Downward revision of helium volume estimates
may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge,
experience and industry practice. These estimates are imprecise and depend to
some extent on interpretations, which may ultimately prove to be inaccurate
and require adjustment or, even if valid when originally calculated, may alter
significantly when new information or techniques become available. As further
information becomes available through additional drilling and analysis the
estimates are likely to change. Any adjustments to volume could affect the
Company's exploration and development plans which may, in turn, affect the
Company's performance. The process of estimating helium resources is complex
and requires significant decisions and assumptions to be made in evaluating
the reliability of available geological, geophysical, engineering, and
economic date for each property. Different engineers may make different
estimates of resources, cash flows, or other variables based on the same
available data.

Forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond the Company's control, which could cause actual
results and events to differ materially from those that are disclosed in or
implied by such forward- looking statements. Such risks and uncertainties
include, but are not limited to, that Pulsar may be unsuccessful in drilling
commercially productive wells; the uncertainty of resource estimation;
operational risks in conducting exploration, including that drill costs may be
higher than estimates ; commodity prices; health, safety and environmental
factors; and other factors set forth above as well as risk factors included in
the Company's Annual Information Form dated July 31, 2025 for the year ended
September 30, 2024 found under Company's profile on www.sedarplus.ca
(http://www.sedarplus.ca) .

Forward-looking statements contained in this news release are as of the date
of this news release, and the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New factors
emerge from time to time, and it is not possible for the Company to predict
all of them or assess the impact of each such factor or the extent to which
any factor, or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement. No assurance can be
given that the forward-looking statements herein will prove to be correct and,
accordingly, investors should not place undue reliance on forward-looking
statements. Any forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement.

 

 

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