IN BRIEF: Pulsar Helium ups fundraise for Topaz works to USD26 million
Pulsar Helium Inc - helium projects in the US and Greenland - Raises USD25.5 million from an equity offer, funds from which Pulsar says it will use to accelerate its Topaz project in the US state of Minnesota into production. After the London market close on Tuesday, Pulsar had announced plans to raise USD20.0 million from a share placing with institutional investors and direct subscription. It also hoped to raise up to USD1.5 million from a separate offer to retail investors. The new shares were priced at 75 pence each. The placing run by Canaccord Genuity Ltd received "strong investor demand", Pulsar says, and was increased to USD25 million. The retail offer raised a further USD500,000. A total of 25.4 million new shares will be issued, representing 13.5% of the company's total prior to the raise. Read More