Mr. Thomas Abraham-James reports
PULSAR HELIUM ANNOUNCES EXECUTION OF US$4 MILLION PROJECT FINANCE FACILITY LINE OF CREDIT NOTE
Further to Pulsar Helium Inc.'s news release of March 24, 2025, the company's wholly owned Minnesota operating subsidiary, Keewaydin Resources Inc., has executed a project finance facility line of credit note with University Bancorp Inc., pursuant to which University Bancorp has extended a $4-million (U.S.) project finance facility to finance operational activities on Pulsar's Topaz helium project in the near term.
The facility has been guaranteed by Pulsar and has been secured by a pledge of all of the shares of Keewaydin and a first lien on all assets of Keewaydin. The facility will mature on March 31, 2026, and will bear interest on any amount drawn at 12 per cent per annum. A utilization fee of 2 per cent will be charged on the balance of any draws on the facility; however, such fees shall be reimbursable to Keewaydin at maturity.
The facility remains subject to receipt of approval from the TSX Venture Exchange.
About Pulsar Helium Inc.
Pulsar Helium is a publicly traded company listed on the AIM (Alternative Investment Market) of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, United States, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.
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