BioQuest Corp. (OTCPK:BQST) entered into a letter of intent to acquire 49% stake in Progressus Clean Technologies Inc. from Powertap Hydrogen Capital Corp. (OTCPK:MOTN.F), T2M Global and Aberdeen International Inc. (TSX:AAB) on June 23, 2022. The transaction is subject to legal, regulatory, tax and accounting requirements, BioQuest and Progressus presently intend that, subject to the negotiation, execution and delivery of a definitive agreement, satisfactory in all respects to both parties, and to the approval of the Transaction by all corporate actions required by the respective parties.

BioQuest Corp. (OTCPK:BQST) cancelled the acquisition of 49% stake in Progressus Clean Technologies Inc. from Powertap Hydrogen Capital Corp. (OTCPK:MOTN.F), T2M Global and Aberdeen International Inc. (TSX:AAB) on September 22, 2022.