Pulsar Helium Closes Major Minnesota Land Position to the West of Topaz Project
Globenewswire·2025-12-19 07:00

Core Viewpoint - Pulsar Helium Inc. is progressing with its acquisition of Quantum Hydrogen Inc. from Oscillate PLC through an all-share transaction, with updates on share issuance and financial terms [2][4]. Group 1: Acquisition Details - The company has executed a definitive agreement to acquire up to 100% of Quantum Hydrogen Inc., a wholly owned subsidiary of Oscillate PLC [2]. - A letter was executed to amend the agreement, specifically defining "VWAP" to include a minimum price of CAD$0.05 as per TSX Venture Exchange policies [3]. Group 2: Financial Transactions - On December 18, 2025, the company issued 292,560 shares as consideration for the first and second monthly tranches of US$80,000 each, with a VWAP of C$0.7797 for the first tranche and C$0.7543 for the second tranche [4]. - The remaining tranches, totaling US$640,000, will be satisfied in the coming months [4]. Group 3: Shareholder Information - The shares issued in connection with the transaction are subject to a hold period of four months and one day from the date of issuance [5].