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Pulsar Helium Provides Update on Transaction with Oscillate PLC
Globenewswire· 2026-01-21 07:00
Core Viewpoint - Pulsar Helium Inc. is progressing with its acquisition of Quantum Hydrogen Inc. through an all-share transaction, with specific terms outlined for share issuance and valuation [1][3]. Group 1: Acquisition Details - The company has issued a total of 292,560 common shares to Oscillate, valued at US$80,000 each for the first two monthly share option tranches [2]. - An additional 145,434 shares were issued to satisfy the third tranche, also valued at US$80,000 [3]. - Pulsar will acquire 80% of Quantum's shares after issuing two more tranches of shares, with the option to acquire the remaining 20% for US$400,000 in shares by May 3, 2027 [3]. Group 2: Share Issuance and Valuation - The shares issued in connection with the transaction are subject to a four-month-and-one-day hold period from the date of issuance [4]. - The first tranche shares had a volume-weighted average price (VWAP) of C$0.7797, while the second and third tranches had VWAPs of C$0.7543 and C$0.7556, respectively [2][3]. Group 3: Company Overview - Pulsar Helium Inc. is publicly traded on the AIM market, TSX Venture Exchange, and OTCQB, focusing on helium projects in Minnesota and Greenland [5][6]. - The company is recognized as a first mover in both locations, with primary helium occurrences identified that are not associated with hydrocarbon production [6].