Pulsar Helium Inc - Cascais, Portugal-registered, Toronto-listed helium miner - Expects to complete its initial public offering and start trading on AIM in mid-October. Expects a market capitalisation of C$58 million, or £33 million, upon admission.

Pulsar Helium also announces that it has received and interpreted a 20.4 kilometre long 2D seismic reflection survey at its Topaz helium project in Minnesota. Says the processed seismic data shows a continuous reflective package at the helium-bearing interval encountered in the Jetstream #1 appraisal well, which has been imaged to extend approximately 1.5 km to the west and 2km to the east. Has therefore ‘reasonable confidence that future wells could target this zone accurately’. Adds that ‘other reflective packages are visible in the processed seismic suggesting additional fracture zones, further increasing prospectivity and potential to drill into new discrete helium bearing fractures’. Says planning is underway for further 2D and passive seismic data, ‘considering the presence of what appears to be a regional system’.

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