Pulsar Helium Inc - Cascais, Portugal-registered, Toronto-listed helium miner - Seeks to raise £5 million from UK and European investors as part of an initial public offering on the AIM market in London by the end of October. Pulsar already is listed on the TSX Venture Exchange and will retain this listing as well. The IPO is being led by Pulsar’s broker Oak Securities, and Jerome Keen, a principal of Oak Securities, has agreed to provide a cornerstone investment of £1.1 million.

The fresh funds will be used to advance Pulsar’s flagship Topaz helium project in the US state of Minnesota. An independent technical report from Sproule International Ltd, based on drilling of the Jetstream 1 appraisal well at the project, found commercial concentrations of helium and carbon dioxide, and further drilling is planned for the fourth quarter.

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