Canadian industrial gas business Keranic Industrial Gas has signed up to acquire helium exploration and production company Royal Helium through a binding 60-day exclusivity agreement.
Keranic Industrial Gas is a newly formed company led by former Royal Helium CEO Andrew Davidson, who from the company in September.
Davidson’s resignation came four months after Royal Helium filed for .
Davidson said that the signed deal between Keranic Industrial Gas and Royal Helium set the stage for a “transformative opportunity”.
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