Kilimanjaro Capital, LLC (OTCPK:KIMJ.F) entered into a letter of intent to acquire certain oil and gas assets in Canada from Verity Energy Ltd. on June 24, 2014. The letter of intent is conditional upon a number of conditions, including the parties agreeing to a formal purchase and sale agreement. As announced on July 17, 2014, the letter of intent is now expanded to include oil producing assets located in South Eastern, Alberta near Keho, Alberta.