Pulsar Helium

Strand Hanson has advised Pulsar Helium Inc. on its dual-listing on AIM and £3.875 fundraise. Pulsar is a helium exploration and development company, focused primarily on the further development of its Topaz asset in Minnesota, United States. The Company raised £3.875m alongside publication of an AIM Admission Document and trading commenced on AIM on Friday, 18 October. The net proceeds from this fundraising, together with the Company’s pre-IPO fundraise of £1.125m and existing cash reserves, are intended primarily to expedite the advancement of the Topaz project. This will entail further drilling to deepen its successful Jetstream #1 well, acquiring additional seismic studies, and completing a preliminary economic assessment. Strand Hanson acted as Nominated and Financial Adviser for the transaction and the team was led by Ritchie Balmer and Rob Patrick with the support of Richard Johnson, Imogen Ellis and Harry Marshall.

Thomas Abraham-James, CEO & President of Pulsar Helium:

“Completion of our AIM admission and fundraise marks an important step in Pulsar Helium’s development and provides an excellent platform for future growth. The Strand Hanson team did a great job of managing the process, working alongside our team and the other advisers working on the transaction. Strand Hanson worked in an effective and efficient manner throughout and I’m delighted to have them on board as a partner going forward.”

Ritchie Balmer, Head of AIM Advisory at Strand Hanson:

“We were delighted to manage this transaction and work with Pulsar Helium and the broader advisory team to bring this deal to completion. Despite the challenging market conditions of the past 18 months, this transaction demonstrates that AIM is very much open to the right opportunity. Congratulations to everyone involved and we look forward working with Tom and his team as they begin their journey on AIM.”