Onfolio to acquire Paramount Helium, change name to PRMT

Onfolio Holdings, Inc. announced a binding Letter of Intent to acquire Paramount Helium, LLC, a move that will transform Onfolio from an owner-operator of online businesses into a player in the industrial gas market. The transaction involves Onfolio issuing convertible preferred stock to Paramount and changing its name to Paramount Helium Corporation with the ticker symbol PRMT. Onfolio's existing online businesses will be spun out into a new subsidiary. Paramount Helium has also agreed to acquire the senior debt of Proton Green, LLC, which holds significant helium and carbon dioxide assets in Arizona, estimated to contain over 20 billion cubic feet of helium and a substantial amount of rare Helium-3.