15th Oct 2024 09:36
(Alliance News) - Pulsar Helium Inc on Tuesday announced it plans its initial public offering on London's AIM to occur on Friday.
The US-focused helium miner said less than 50% of its shares will be in public hands at admission.
Pulsar Helium expects to raise about GBP3.9 million with an anticipated market capitalisation of GBP31.6 million on admission.
The firm's executive chair is Neil Herbert, chief executive officer is Tom Abraham-James, and chief financial officer is Dan O'Brien.
The company's main focus is the exploration and development of helium at its appraisal-stage Topaz project in Lake County, Minnesota. An independent technical report from Sproule International Ltd, based on drilling of the Jetstream 1 appraisal well at the project, had found commercial concentrations of helium and carbon dioxide, and further drilling is planned for the fourth quarter.
By Tom Budszus, Alliance News slot editor
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