RESULTS OF FUNDRAISE AND TVR
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF), a primary helium company, is pleased to announce the results of its Fundraise, as announced yesterday.
Due to strong investor demand, the Company agreed with Canaccord Genuity Limited (“Canaccord”), who acted as sole bookrunner (the “Bookrunner”) in connection with the Placing, to increase the gross proceeds of the Placing and Subscription to approximately $25 million (equivalent to approximately £18.7 million / CAD$35.5 million). In addition, the Company has raised gross proceeds of approximately $0.5 million (equivalent to approximately £0.4 million / CAD$0.7 million) from the Retail Offer. The additional proceeds from the Fundraise are intended to be applied towards Topaz Project contingency and corporate working capital.
A total of 25,393,329 new Common Shares in the capital of the Company have been conditionally placed with, or subscribed for by, new and existing investors at the Issue Price of 75 pence (approximately CAD$1.43) per Common Share (the “Offer Shares”).
− 23,895,801 new Common Shares pursuant to the Placing raising gross proceeds of approximately $24.0 million (equivalent to approximately £17.9 million / CAD$34.1 million);
− 1,000,866 new Common Shares pursuant to the Subscription, with UNIB (as defined below), raising gross proceeds of approximately $1.0 million (equivalent to approximately £0.75 million / CAD$1.4 million); and
− 496,662 new Common Shares pursuant to the Retail Offer, raising gross proceeds of approximately $0.5 million (equivalent to approximately £0.4 million / CAD$0.7 million).
The new Common Shares to be issued in aggregate pursuant to the Fundraise represent approximately 13.5% per cent of the issued share capital of the Company prior to the Fundraise.
Admission and Total Voting Rights
Applications have been made for the Offer Shares to be admitted to trading on AIM and for the Fundraise to be conditionally accepted by the TSX Venture Exchange (“TSX-V”), subject to the Company satisfying all of the requirements of the TSX-V. It is currently expected that the Offer Shares will be admitted to trading on AIM at 8.00 a.m. (London time) on July 13, 2026.
The Offer Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing issued Common Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.
The Fundraise is conditional upon, among other things, the placing agreement between the Company and Canaccord becoming unconditional and not being terminated in accordance with its terms, the AIM Admission becoming effective and acceptance by the TSX-V. Closing of the Placing is expected on July 13, 2026, and remains subject to final approval of the TSX-V.
In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission of the Offer Shares, its issued and outstanding share capital will consist of 214,066,747 Common Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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 under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The Fundraise is being conducted pursuant to Pulsar’s Canadian base shelf prospectus dated February 11, 2026 (the “Base Shelf Prospectus”) as supplemented by the Company’s prospectus supplement dated July 7, 2026, relating to the Placing (the “Prospectus Supplement”), copies of which are available on the Company’s profile on SEDAR+ at www.sedarplus.ca. As the Prospectus Supplement and the Base Shelf Prospectus qualify the distribution of the Offer Shares sold pursuant to the Fundraise, the Offer Shares will not be subject to any resale restrictions in Canada.
Access to the Prospectus Supplement and the Base Shelf Prospectus is provided in accordance with Canadian securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment thereto. The Prospectus Supplement and the Base Shelf Prospectus are accessible at www.sedarplus.ca.
An electronic or paper copy of the Prospectus Supplement, the corresponding Base Shelf Prospectus and any amendment thereto may be obtained, without charge, from the Company at connect@pulsarhelium.com, by providing the contact with an email address or mailing address, as applicable.
Related Party Transaction
University Bancorp, Inc (“UNIB”) subscribed for 1,000,866 Common Shares. Mr. Stephen Ranzini, Deputy Chair of Pulsar, has a beneficial interest of 18.18% (with voting control over 35.16%) in UNIB and accordingly such participation in the Subscription by UNIB is considered a related party transaction pursuant to the AIM Rules for Companies. In this context, the Directors other than Mr. Stephen Ranzini consider, having consulted with the Company’s nominated adviser, Strand Hanson Limited, that the terms of such participation are fair and reasonable insofar as its shareholders are concerned.
Postponement of Investor Webinar
Pulsar advises that the “Ask me Anything” (AMA) session, scheduled to be hosted via the Investor Meet Company platform on July 9, 2026, at 15.30 BST (10.30 EDT, 07.30 PDT), will be postponed as a result of certain regulatory restrictions imposed by the Fundraise. The Company will reschedule the AMA session as soon as practicable and will provide a further update once details of the new webinar schedule become available.
In the meantime, we encourage investors to submit any questions ahead of the rearranged webinar by emailing: connect@pulsarhelium.com.
Capitalised terms used in this announcement but not defined have the meanings given to them in the Launch Announcement.
On behalf of Pulsar Helium Inc.
“Thomas Abraham-James”
CEO and Director
Further Information:
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://ca.linkedin.com/company/pulsar-helium-inc.
