ABCapital files early warning reports

Amsterdam, Netherlands – (Newsfile Corp. – October 8, 2024) – As part of a restructuring of its holdings in Pulsar Helium Inc. (the “Issuer”), ABCrescent BV (“BV”) has sold them and transferred them to ABCrescent Coöperatief UA (the “Coöperatief”), a subsidiary of BV, an aggregate of 15,500,000 common shares (the “Common Shares”) of the Issuer and 15,500,000 common share purchase warrants (the “Warrants”) of the Issuer (the “Transaction”) for aggregate proceeds of $3,565,000 pursuant to the terms of a securities purchase agreement dated October 8, 2024. Each warrant is exercisable against one additional common share at an exercise price of C$0.36 per common share for a period of two years until January 17, 2026. BV held the common shares and warrants on behalf of accounts wholly managed by BV and over which it had sole discretion. Following the completion of the transaction, there was no change in the beneficial ownership of the common shares and warrants, as Coöperatief continued to hold the common shares and warrants in the name of the same accounts, which were fully managed by BV and over which Coöperatief has sole discretion. The transaction was completed pursuant to the “private arrangement” exemption contained in Section 4.2 of National Instrument 62-104.

Prior to the Transaction, (i) BV had control of 15,500,000 Common Shares, representing approximately 14.7% of the Issuer’s outstanding Common Shares (or 31,000,000 Common Shares, representing approximately 25.7% of the Company’s outstanding Common Shares on a partially diluted basis). corresponds, assuming that the BV warrants are exercised); and (ii) the Coöperatief did not own, directly or indirectly, any common shares or securities of the issuer and exercised no control or direction over them.

Following the Transaction (i), Coöperatief had control of 15,500,000 common shares, representing approximately 14.7% of the Issuer’s outstanding common shares (or 31,000,000 common shares, representing approximately 25.7% of the Company’s outstanding common shares on a partially diluted basis). basis corresponds, assuming that the Coöperatief warrants are exercised); and (ii) BV did not own, directly or indirectly, any common shares or securities of the Issuer and exercised no control or direction over them.

The transaction was carried out as part of a restructuring of BV’s shareholdings in the issuer. Coöperatief acquired the common shares and warrants on behalf of fully managed accounts for investment purposes only. Depending on market conditions and other factors, Coöperatief may in the future take such actions with respect to its issuer’s securities holdings as it deems appropriate.

A copy of the early warning reports relating to BV and the Coöperatief relating to the acquisition and disposition of the common shares and warrants will be available on the issuer’s profile on SEDAR+ at www.sedarplus.caand can also be requested by contacting:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit