Pulsar Helium: First Trading Day on London’s AIM Exchange Today

Fundraising Oversubscribed by 50%

The helium company Pulsar Helium Inc. (TSXV:PLSR ; OTCQB:PSRHF; FRA: Y3K) is now trading under the ticker AIM:PLSR on the London AIM Exchange. The AIM listing was preceded by the successful completion of a heavily oversubscribed placement at a subscription price of £0.25, which equates to CAD 0.45.

Including a pre-IPO cornerstone investment by London broker OAK Securities amounting to £1.125 million, the total gross funds raised before costs amount to £5 million (CAD 9 million). Through the fundraising shares, as well as the earlier cornerstone investment and shares issued as fees for the transaction, a total of 21,440,000 new ordinary shares will be issued. The company will continue to be listed on the TSX Venture Exchange (“TSX-V”) in Canada and on the OTCQB Venture Market in the United States.

At the issue price and following the issuance of the new common shares, the company’s market capitalization at admission would be approximately £31.6 million (CAD 56.5 million). The issue price represents a discount of approximately 14.1% to the closing price of the company’s shares (on the TSX-V) prior to the announcement of the capital raise.

Thomas Abraham-James, President CEO of Pulsar, commented: “We are extremely pleased with the outcome of the capital raise and our admission to AIM. The fundraising itself was oversubscribed by more than 50%, reflecting the strong support and confidence of new and existing shareholders. As the funds raised are sufficient for our short-term work programs, we decided not to accept the additional funds offered, as we did not want to risk further dilution ahead of what is expected to be an exciting time for the company.”

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