Pulsar Helium launched a private placement to raise up to US$7.5mm by offering 19.7mm shares at US$0.38/sh (~20% discount to the previous closing price).
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North American Industrial Gases Inc, a wholly owned US subsidiary of Airlife Gases, acquired 80mm shares and 4mm warrants of Royal Helium, representing ~56.4% of the company on a non-diluted basis.
Mendell provided an update on its strategy to scale helium production around M3 Helium’s Rost 1-26 well in Kansas, identifying multiple new drilling locations within the same narrow channel formation