Imex Systems, Inc. agreed to acquire Ba Ba Capital Inc in a reverse merger transaction on February 18, 2016. In the deal all shares and warrants of Imex Systems, Inc. will be exchanged for similar securities of Ba Ba Capital Inc. Imex may issue additional securities prior to closing, which would also be exchanged for Ba Ba securities on the same terms. Prior to the financings, Imex had 10 million common shares issued and outstanding. Pursuant to completion of the Transaction, all shares and warrants of Imex will be exchanged for similar securities of Ba Ba on a one-for-one basis. Imex may issue additional securities prior to closing, which would also be exchanged for Ba Ba securities on the same terms. Board of Directors of Ba Ba shall consist of the following five members, Damodar Arapakota, Krishnasamy Parthiban Pradeep Sood, Len Crispino and an additional person to be named by the Corporation, who will serve as Directors until Ba Ba’s next annual general meeting. Ba Ba has called a shareholder meeting for March 14, 2016 at which shareholders will be asked to approve, among other things, the consolidation, the change of the Corporation's name to "Imex Systems Inc.", and a new stock option plan. Completion of the transaction is subject to a number of conditions, including, TSXV shall have provided conditional approval for the transactions and the listing of the Ba Ba Shares, including the consideration shares and the Ba Ba shares issuable upon exercise of the consideration warrants and the consideration finder options and the execution of an escrow agreement with respect to some or all of the consideration securities. The transaction was approved by TSXV. The transaction was approved by the Board of Directors of Imex Systems and The transaction is expected to close no later than April 30, 2016. Rick Moscone of Fogler Rubinoff LLP acted as legal advisor for Imex Systems and Robbie Grossman of McMillan LLP acted as legal advisor and Computershare Trust Company Of Canada acted as the registrar for Ba Ba Capital. Imex Systems, Inc. completed the acquisition of Ba Ba Capital Inc in a reverse merger transaction on May 12, 2016.