Pulsar Helium Inc on Tuesday announced it plans its initial public offering on London’s AIM to occur on Friday.
The US-focused helium miner said less than 50% of its shares will be in public hands at admission.
Pulsar Helium expects to raise about £3.9 million with an anticipated market capitalisation of £31.6 million on admission.
The firm’s executive chair is Neil Herbert, chief executive officer is Tom Abraham-James, and chief financial officer is Dan O’Brien.
The company’s main focus is the exploration and development of helium at its appraisal-stage Topaz project in Lake County, Minnesota. An independent technical report from Sproule International Ltd, based on drilling of the Jetstream 1 appraisal well at the project, had found commercial concentrations of helium and carbon dioxide, and further drilling is planned for the fourth quarter.
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