1994854 Alberta Ltd. signed letter of intent to acquire 1000871349 Ontario Inc. from Green Shift Commodities Ltd. (TSXV:GCOM) for CAD 3 million on April 23, 2024. The consideration consists of 12 million common equity of 1994854 Alberta Ltd. to be issued for common equity of 1000871349 Ontario Inc. As per terms, GCOM and AcquireCo have agreed to enter into an investor rights agreement pursuant to which, among other things, for so long as GCOM owns at least 10% of the issued and outstanding AcquireCo Shares, GCOM shall have the right to appoint one member of the Board of Directors of AcquireCo and shall be granted rights to participate in any equity financing of AcquireCo in order to maintain its pro rata ownership interest. Closing of the Transaction is subject to Completion of the Proposed Transaction is subject to the approval of each company?s board of directors and negotiation and execution of a mutually agreeable definitive purchase agreement, which will include provisions as are customary for a transaction of this nature, including, without limitation, customary representations, warranties, covenants and conditions and receipt of any regulatory approvals in connection with the Transaction and no material adverse change having occurred affecting either the Royalty or AcquireCo.

As of June 7, 2024,1994854 Alberta Ltd. agreed to acquire 1000871349 Ontario Inc. from Green Shift Commodities Ltd. (TSXV:GCOM).