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Pulsar Helium Inc - helium projects in the US and Greenland - Raises $25.5 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 $20.0 million from a share placing with institutional investors and direct subscription. It also hoped to raise up to $1.5 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 $25 million. The retail offer raised a further $500,000. A total of 25.4 million new shares will be issued, representing 13.5% of the company’s total prior to the raise. Current stock price: 74.93p, down 7.8% in London on Wednesday 12-month change: up from 26.50p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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