Pulsar Helium Inc. has signed a non-binding term sheet with Oscillate plc to acquire up to 100% of Quantum Hydrogen Inc. in an all-share transaction, with a 120-day exclusivity period for due diligence. Pulsar will initially acquire 80% of Quantum’s share capital with new Pulsar common shares totaling US$400,000, issued in five equal monthly tranches. They also have the option to acquire the remaining 20% within 18 months for an additional US$400,000. Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota, near Pulsar’s Topaz project.

Read more at Nasdaq: Pulsar Helium Signs Non-binding Term Sheet With Oscillate To Acquire Quantum Hydrogen