Strikewell Energy Corp. (TSXV:SKK) entered into a debt reduction and share property transfer agreement to acquire ZNX Energy Ltd. from Summus Solutions N.V. (TSXV:SS) for CAD 0.2 million on November 15, 2019. Under the agreement, the purchase price shall be paid and satisfied at closing, by way of a reduction of the debt owing to Strikewell and all revenues received and costs incurred by ZNX between November 1, 2019 and the closing will be captured in the closing adjustments and will accrue to Strikewell. The transaction is subject to all necessary regulatory approvals for the transfer, including without limitation the approval of the Exchange, Strikewell shall have received a satisfactory title opinion from its legal counsel and any consents, rights of first refusal or other restrictions on the transfer, sale or assignment of 100% of the shares of ZNX including all the assets shall have been waived or complied with.

Strikewell Energy Corp. (TSXV:SKK) completed the acquisition of ZNX Energy Ltd. from Summus Solutions N.V. (TSXV:SS) on January 23, 2020. The Purchase Price was paid and satisfied at the closing of the transaction, by way of a reduction of the debt owing from Summus. Following the closing of the transaction, ZNX is now a wholly owned subsidiary of Strikewell, including indirect ownership of all of ZNX's assets. As of March 24, 2020, Summus Solutions announced that the sale had not yet occurred but the transaction has now closed. The transaction was subject to TSX approval which was obtained on January 23, 2020.