Quality Industrial Corp. Restructures Al Shola Gas Purchase Price Obligations, Supported by $2.0 Million Share Exchange with Fusion Fuel
Fusion Fuel to Issue 500,000 of its Nasdaq-Listed Class A Ordinary Shares to the Al Shola Gas Minority Shareholders, Subject to Closing Conditions, to Satisfy $2.0 Million of QIND's Purchase Price, in Exchange for $2.0 Million of QIND Common Stock Restructuring Removes QIND's Debt Financing, Credit Facility, Equity Line and Bank Guarantee Commitments, Introduces Quarterly Dividends from Al Shola Gas and Grants QIND an Option to Acquire Al Shola Gas Individual Shareholders’ 49% Ownership Interest
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