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Alias Born | 02/07/2011 |
Friday, October 31, 2014 3:57:52 PM
On June 4, 2014 and amended on September 11, 2014, the Company entered into a Letter of
Intent with Alternative Energy Partners Inc. and SK3 Group Inc. (collectively “TargetCo”) with
respect to a proposed transaction in which the Company, newly formed wholly-owned subsidiary
1011707 B.C. Ltd, incorporated on August 24, 2014, will acquire all of the assets of TargetCo
subject to certain defined liabilities by way of an asset exchange agreement. Upon completion of
the proposed transaction, an application will be made to list on the Canadian Securities
Exchange. As at July 31, 2014, the Company has received a deposit of $50,000 on execution of
the agreement.
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