General Trading, Import & Export Ltd. entered into an agreement to acquire Agua Grande Exploracao e Producao de Petroleo Ltda from Blue Sky Energy Inc. (TSXV:BSI) for $1 on November 9, 2017. Under the terms of the agreement, General Trading, Import & Export Ltd. will pay nominal cash compensation and would also be assuming all of the outstanding obligations of Agua Grande. In a related transaction, Irati Energy Corp. entered into a definitive amalgamation agreement to acquire Blue Sky Energy Inc. in a reverse merger transaction. General Trading, Import & Export Ltd. completed the acquisition of Agua Grande Exploracao e Producao de Petroleo Ltda from Blue Sky Energy Inc. (TSXV:BSI) on October 19, 2018. As of May 1, 2020, approval from TSX Venture Exchange has been received for the transaction and Blue Sky Energy Inc., can resume trading of its shares on the stock exchange.