Tombstone Development Company and Rights and Interests in Certain Mining Properties have entered into a definitive agreement to acquire MCPI, Inc. in a reverse merger transaction.

Tombstone Development Company (‘Tombstone’) and Rights and Interests in Certain Mining Properties have entered into a definitive agreement to acquire MCPI, Inc. (OTCPK:MCPI) in a reverse merger transaction on November 28, 2016. Under the terms of the agreement, MCPI will issue 284.58 million shares of its common stock to Armada Mining, Inc. (‘Armada’), the owner of Tombstone and the properties in exchange for certain of its assets, which will result in Armada owning approximately 85% of the combined company post-transaction. MCPI also contemplates a name change to Mansfield-Martin Exploration Mining Inc. The parties have agreed that MCPI’s current management will appoint new Directors and resign upon completion of a brief transition period. The transaction is subject to financing condition, completion of due diligence and various regulatory approvals. As of February 10, 2017, the transaction is expected to close in late February 2017 or early March 2017.