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.