Co-Agent Private Placement
Pulsar appoints Hovde Group as co-placement agent for second tranche of private placement to raise up to US$5.5 million.
- Second tranche private placement up to US$5.5 million
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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
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Pulsar Helium Inc.
+ 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
OAK Securities*
(Joint Broker)
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
About Pulsar Helium Inc.
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.