Pulse Oil Corp. Proposes Extension of Warrants and Updates Operations

VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) -- Pulse Oil Corp., (“Pulse” or the "Company”) (TSX-V: PUL) is pleased to announce that, subject to TSX Venture Exchange (“TSXV”) approval, the Company intends to extend the expiry dates of 211,870,000 outstanding share purchase warrants, (the “Warrants”) by 6 months, to November 16, 2023 (the “Warrant Extension”). The Warrants were issued pursuant to a private placement announced on February 17, 2022 and accepted for filing by the TSXV on May 16, 2022. Each Warrant is exercisable to purchase one common share of Pulse at $0.065 per share and are currently set to expire on May 16, 2023. All other terms of the Warrants, including the exercise price, will remain unchanged. Upon receipt of the approval of the TSXV of the Warrant Extension, a material change report in respect of the Warrant Extension will be filed by the Company. As the Warrants currently expire on May 16, 2023 and the date of receipt of TSXV approval (if granted) is unknown, the material change report may be filed less than 21 days before the Warrant Extension occurs.

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