Blackhawk Resource Corp. (CNSX:BLR) entered into a letter of intent to acquire remaining stake in Noble Line Inc. for $0.55 million on April 10, 2019. Under the terms, Noble shareholders, other than Blackhawk, will receive 34,680,000 Blackhawk shares. In addition, the current shareholders of Noble will be able to acquire an additional 43 million Blackhawk shares. Upon completion current shareholders of Noble would hold approximately 12.6% of the then outstanding Blackhawk shares. Following the closing of the transaction, Blackhawk Resource will be comprised of Fred Pels as Chief Executive Officer, Zula Kropivnitski as Chief Financial Officer, and Trevor Wong-Chor as Corporate Secretary. The Board of Directors is contemplated to be comprised Fred Pels, Marc Lowenstein, Scott Seguin, David Antony, Dale Owen and Ray Antony. Blackhawk Resource Corp. (CNSX:BLR) completed the acquisition of remaining stake in Noble Line Inc. for $0.55 million on November 17, 2020. In consideration for the completion of the acquisition of this remaining interest, Blackhawk has issued 48 million common shares to the shareholders of Noble. In connection with the completion of the transaction, Blackhawk Resource has also issued 4.8 million common shares to an arms-length third-party who assisted with facilitating the transaction. All securities issued in connection with the transaction are subject to restrictions on resale for a period of four months and one day. In a related party transaction, Blackhawk Resource has issued an aggregate of 2.2 million common shares to David Antony. Noble now forms part of the Blackhawk Resource’s existing portfolio of investments in the cannabis sector. As per the article of November 17, 2020, Noble’s revenue for the twelve months prior to the completion of the transaction was approximately CAD 0.38 million ($0.29 million). Noble’s existing management will continue to retain responsibility for overseeing day to day operations.