RenewABILITY Energy Inc. signed a letter agreement to acquire Arkadia Capital Corp. (TSXV:AKC.P) in a reverse merger transaction on November 20, 2013. Arkadia Capital will issue 60 million common shares as consideration. On closing, Arkadia's name will be changed to Power-Pipe Energy Systems Inc. The transaction is subject to a number of conditions, including TSX-V approval and any other necessary regulatory or other approvals, the negotiation and signing of a definitive agreement, Board and shareholder approvals, and certain other customary conditions.

An amended letter agreement signed on January 29, 2014, between RenewABILITY Energy Inc. and Arkadia Capital as per which post closing 60 million shares will be held by RenewABILITY shareholders, 6 million shares by Arkadia shareholders, and 1.87 million shares will be held by shareholders of Cana Venture Capital Corp. The transaction is expected to be completed by May 1, 2014.