Former Royal Helium CEO to acquire company through new entity
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 resigned from the company in September.
Davidson’s resignation came four months before Royal Helium filed for bankruptcy.
Davidson said that the signed deal between Keranic Industrial Gas and Royal Helium set the stage for a “transformative opportunity”.
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