Progressus Clean Technologies intends to sell shares
Canadian pioneer of novel hydrogen generation and separation technologies, Progressus Clean Technologies revealed on Monday (August 1) an LOI which would see up to 100% of its issued and outstanding shares acquired.
Progressus announced it had executed a Letter of Intent (LOI) whereby the California, US-based firm, BioQuest acquire up to 100% of Progressus’ issued and outstanding shares.
H2 View understands the LOI sets out for Progressus shareholders to receive shares of BioQuest in exchange for the acquisition of the Toronto-headquartered company’s shares, which in turn would see Progressus become the primary business of BioQuest.
... to continue reading you must be subscribed
Subscribe Today
To gain access to this article and all our other content, you will need to subscribe to H2 View.
From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.
