Pulsar Issues Shares to Directors
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) has issued 121,641 common shares to company directors in lieu of cash fees, as per the Executive Chair and Director Fee Arrangements announced on July 4, 2024. The shares were calculated based on a US$75,000 conversion using an exchange rate of 1.3687 and a five-day VWAP of CAD$0.8439 per share. The shares were distributed among five insiders or their controlled companies. This transaction is considered a 'related party transaction' but is exempt from formal valuation and minority approval requirements under MI 61-101. The issued shares are subject to a four-month hold period.
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ha emesso 121.641 azioni ordinarie agli amministratori della società in sostituzione di compensi in denaro, secondo gli Accordi di Compenso per il Presidente Esecutivo e gli Amministratori annunciati il 4 luglio 2024. Le azioni sono state calcolate sulla base di una conversione di 75.000 dollari USA utilizzando un tasso di cambio di 1,3687 e un VWAP di cinque giorni di CAD$0,8439 per azione. Le azioni sono state distribuite tra cinque dirigenti o le loro società controllate. Questa transazione è considerata una 'transazione tra parti correlate' ma è esente dai requisiti di valutazione formale e approvazione dei minori ai sensi della MI 61-101. Le azioni emesse sono soggette a un periodo di blocco di quattro mesi.
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ha emitido 121,641 acciones ordinarias a los directores de la compañía en lugar de tarifas en efectivo, de acuerdo con los Acuerdos de Tarifas del Presidente Ejecutivo y Directores anunciados el 4 de julio de 2024. Las acciones se calcularon en base a una conversión de 75,000 dólares estadounidenses usando un tipo de cambio de 1.3687 y un VWAP de cinco días de CAD$0.8439 por acción. Las acciones se distribuyeron entre cinco personas cercanas o sus empresas controladas. Esta transacción se considera una 'transacción entre partes relacionadas' pero está exenta de los requisitos de valoración formal y aprobación de minorías bajo la MI 61-101. Las acciones emitidas están sujetas a un período de retención de cuatro meses.
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF)는 2024년 7월 4일 발표된 이사회 및 이사 보수 계약에 따라 현금 수수료 대신 121,641주 일반 주식을 회사 이사들에게 발행했습니다. 해당 주식은 75,000달러의 변환을 기준으로 계산되었으며, 환율은 1.3687, 5일 VWAP는 CAD$0.8439로 산정되었습니다. 이 주식은 5명의 내부자 또는 그들이 지배하는 회사 간에 배포되었습니다. 이 거래는 '관련자 간 거래'로 간주되지만 MI 61-101에 따라 공식 평가 및 소수 의사결정 요건이 면제됩니다. 발행된 주식은 4개월 보유 기간이 적용됩니다.
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) a émis 121 641 actions ordinaires aux administrateurs de la société en lieu et place des frais en espèces, conformément aux Accords de Rémunération du Président Exécutif et des Administrateurs annoncés le 4 juillet 2024. Les actions ont été calculées sur la base d'une conversion de 75 000 USD en utilisant un taux de change de 1,3687 et un VWAP sur cinq jours de CAD$0,8439 par action. Les actions ont été réparties entre cinq initiés ou leurs sociétés contrôlées. Cette transaction est considérée comme une 'transaction entre parties liées' mais est exemptée des exigences de valorisation formelle et d'approbation des minorités selon la MI 61-101. Les actions émises sont soumises à une période de blocage de quatre mois.
Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) hat 121.641 Stammaktien an die Unternehmensleiter anstelle von Cash-Gebühren ausgegeben, gemäß den am 4. Juli 2024 angekündigten Regelungen für die Vergütung des Vorstandsvorsitzenden und der Direktoren. Die Aktien wurden basierend auf einer Umwandlung von 75.000 USD unter Verwendung eines Wechselkurses von 1,3687 und einem fünf Tage VWAP von CAD$0,8439 pro Aktie berechnet. Die Aktien wurden auf fünf Insider oder deren kontrollierte Unternehmen verteilt. Diese Transaktion wird als 'Transaktion mit nahestehenden Parteien' angesehen, ist jedoch von den formellen Bewertungs- und Minderheitsgenehmigungsanforderungen nach MI 61-101 befreit. Die ausgegebenen Aktien unterliegen einer Verschlussfrist von vier Monaten.
- Directors accepting shares instead of cash fees may indicate confidence in the company's future
- The transaction aligns director interests with shareholders
- Issuance of new shares may lead to slight dilution for existing shareholders
VANCOUVER, BC / ACCESSWIRE / August 2, 2024 / Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company") announces that the Company has issued to directors of the Company (the "Insiders") an aggregate 121,641 common shares ("Shares") in satisfaction of certain fees being settled in Shares in lieu of cash, pursuant to the Executive Chair and Director Fee Arrangements as announced on July 4, 2024.
A total of US
The Shares were issued to Cambrian Limited ("Cambrian"), a company controlled by Neil Herbert, Jón Ferrier, Geoffrey Crow, Doris Meyer, and Garennes Ventures B.V. ("Garennes"), a company controlled by Brice Laurent, all Insiders of the Company, in the following proportions: Cambrian 40,547 Shares, Ferrier 20,274 Shares, Crow 19,260 Shares, Meyer 23,990 Shares and Garennes 17,570. There has not been a material change in the percentage of the outstanding securities of the Company that are individually or beneficially owned by the Insiders as a result of Shares being issued.
The participation by the Insiders in the securities for services is considered a "related party transaction" as defined for the purposes of Multinational Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The related party transaction is exempt from the formal valuation and minority approved requirements pursuant to sections 5.5(a)and 5.7(1)(a) of MI 61-101 respectively, as neither the fair market value of the contemplated securities being issued to the Insiders of the Company, nor the proceeds for such securities received by the Company will exceed
The Shares issued are subject to a four-month hold period from the date of issue. The fees were paid in accordance with the Executive Chair and Director Fee Arrangements approved by the disinterested shareholders on April 30, 2024 (see management information circular of Pulsar dated as of March 13, 2024), a copy of which is available on SEDAR+ (www.sedarplus.ca) under Pulsar's issuer profile.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither 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.
SOURCE: Pulsar Helium Inc.
View the original press release on accesswire.com
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