Announced financings: Jan. 8

January 10, 2024 01:50 AM PST

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Pulsar Helium Inc. (TSX-V: PLSR)

  • Gross Proceeds: $4.26 million
  • Sector: Helium
  • Units issued: 18.5 million
  • Type: Special units
  • Price: $0.23
  • Warrants: Full; $0.36; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

Pulsar Helium is a helium exploration company focused on the Topaz project in Minnesota and the Tunu project in Greenland. 10.5% helium has been drilled at Topaz — anything above 0.3% is considered "economically significant" according to the company. The company aims to complete an appraisal well for the project in Q1 of this year.

Shares of the company rose 36% back in December after it announced results from a Topaz seismic survey, and have remained relatively up since then.

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