Global Energy Group agreed to acquire Metwood Inc. (OTCPK:MTWD) in a reverse merger transaction on June 30, 2013. Pursuant to the purchase agreement and subject to the conditions, Metwood purchased 99% of the member interests of Global Energy Group in exchange consideration consisting of 20 million shares of preferred and 60 million shares common stock of Metwood. The transaction was approved by Board of Directors of Metwood. The deal was completed on June 30, 2013. As per September 13, 2013 amendment, the deal has not consummated and Global Energy Group and Metwood are proceeding with further due diligence. Global Energy Group cancelled the acquisition of Metwood Inc. (OTCPK:MTWD) in a reverse merger transaction on March 23, 2017.