Current Power & Gas Inc. entered into a non-binding letter of intent to acquire Discovery One Investment Corp. (TSXV:DOIT.P) in a reverse merger transaction on September 30, 2019. As of December 27, 2019, a definitive agreement was entered into. Pursuant to the terms of transaction, Discovery One Investment Corp. will issue 66.7 million common shares to the shareholders of Current Power & Gas Inc. as consideration. The shareholders of Current Power & Gas will receive one common share of Discovery One for every common share of Current Power & Gas Inc. currently held. All common shares held by principals of Discovery One Investment Corp. and the resulting issuer will be held in escrow in accordance with the policies of the Exchange. As per the terms of the definitive agreement, Discovery One Investment Corp. will issue 72.645 million shares to the shareholders of Current Power & Gas Inc. and the resulting issuer will have 106.04 million shares outstanding at closing, including 13.33 million shares of Discovery One Investment Corp. to be issued pursuant to a financing of up to 13.33 million units of Discovery One Investment Corp. Each unit will consist of one common shares and one share purchase warrant. As per the amendment agreement dated February 18, 2020, the debentures of Current Power & Gas will be automatically exchanged for convertible debentures of Discovery One Investment Corp. having substantially similar terms as the CER debentures, but will also be convertible into units of Discovery One Investment Corp. Discovery One Investment Corp.’s debentures will be convertible at the option of the holder, in whole or in part, into units at a conversion price of CAD 0.15 per unit and each Discovery One Investment Corp. warrant will entitle the holder to purchase one additional share of Discovery One Investment Corp. at a price of CAD 0.25 per Discovery One Investment Corp. share for a period of two years. Prior to the closing of the transaction, Current Power & Gas intends to complete an equity financing on terms to be negotiated by Discovery One Investment Corp. and Current Power & Gas. The business of Current Power & Gas will become the business of the resulting issuer. Immediately before the closing of the transaction, Discovery One Investment Corp. will change its name to a new name suitable to the business of Current Power & Gas Inc. and get listed as a Tier 2 Technology Issuer on the Exchange. As of February 14, 2020, Current Power & Gas Inc. changed its name to Current Energy and Renewables Corp. Upon closing, all members of Discovery One Investment Corp. Board and certain senior officers will resign and the Board of Directors and management team of the resulting issuer will be reconstituted with nominees put forth by Current Power & Gas Inc. David Coburn will be appointed as Executive Chairman, Mickey Perret and Mike Steele as Directors, Scott Osuna as Chief Executive Officer and President, Michele Pillon as Chief Financial Officer and Corporate Secretary, and John Varnell as Senior Vice President Sales and Marketing. Completion of the transaction is subject to completion of all due diligence, approval by the shareholders of Current Power & Gas Inc., approvals of the exchange and all other regulatory authorities, third parties approval, and completion of private placement, among others. The Financing is subject to receipt of all necessary regulatory approvals, including the approval of the Exchange. The transaction does not require the approval of Discovery One Investment Corp.’s shareholders. As of December 17, 2019, Discovery One Investment Corp. is still completing due diligence and preparing regulatory authority filings for approval of the proposed transaction. The transaction is expected to be completed on or before March 30, 2020.