Fasken advised Canaccord Genuity Limited, as sole bookrunner, in connection with Pulsar Helium Inc.’s (the “Company”) fundraise to raise £19 million, comprising a UK placing conducted by way of an accelerated bookbuild, a direct subscription, and a UK retail offer.
The Company is a Canadian-based TSXV, AIM and OTCQB listed primary helium exploration and development company with assets in Minnesota, USA, and Greenland.
The proceeds of the fundraise are principally intended to fund, amongst other things: (i) further drilling at Topaz, the Company’s flagship project in Minnesota, USA; (ii) the purchase of long lead items necessary for production; and (iii) land permitting and technical reports.
Fasken’s team was led by Guy Winter and included Lucinda Patrick-Patel and Kajol Morris.
Jurisdiction
- England and Wales
