Pulse Oil Corp. Announces Rights Offering to raise $4,156,000 and Provides Operations Update

CALGARY, Alberta, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Pulse Oil Corp. (the “Company” or “Pulse”) (TSXV: PUL) announced that it is offering rights (the “Rights Offering”) to holders of its common shares (“Common Shares”) of record at the close of business on December 15, 2023 (the “Record Date”). Pursuant to the Rights Offering, each holder of Common Shares (a “Shareholder”) will receive one-fifth of a transferable right for each Common Share held of Pulse as of the Record Date. Each whole right (a “Right”) will entitle the holder thereof to subscribe for one (1) Common Share at a price of $0.04 per Common Share (the “Basic Subscription Privilege”) until 2:00 p.m. (Pacific time) (the “Expiry Time”) on January 12, 2024. If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.

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