G2 Technologies Corp. (CNSX:GTOO ) entered into a letter of intent to acquire Producing Gas Properties in Texas from OpCo for $8 million on July 19, 2021. on August 23, 2021, G2 Technologies signed a?Purchase and Sales Agreement (the ?PSA?) with TriVista Oil Co. LLC. The PSA requires G2 to pay a non-refundable 5% deposit ($0.4 million) on or about September 7th, 2021 to secure the transaction. The final terms of this PSA require an additional cash payment of $7.6 Million upon closing. G2 Technologies has confirmed that it has paid the non-refundable 5% deposit ($0.4 million) and secured the transaction. G2 is planning to finance the acquisition through a combination of a debt and equity to be determined in conjunction with its advisors. Furthermore, G2 is contemplating the payment of a finder?s fee in shares or cash. The acquisition is expected to constitute a Change of Business (?COB?) for G2 pursuant to Policy 8 of the Canadian Securities Exchange (?CSE?). As per the article on August 24, G2 Technologies completed the necessary due diligence. Final approval of the COB remains subject to a number of conditions, including but not limited to the execution of the PSA, receipt of shareholder approval or shareholder consent and receipt of CSE approval. G2 and OpCo are negotiating the terms of a definitive purchase and sale agreement. The closing date of the transaction is scheduled to be on or about October 22nd, 2021. The closing date of the transaction is scheduled to be on or about October 20, 2021. G2 Technologies Corp. (CNSX:GTOO ) cancelled the acquisition of Producing Gas Properties in Texas from OpCo on November 2, 2021. pursuant to the escrow agreement entered into between G2 Technologies Corp., TriVista and the Escrow Agent on September 7, 2021, to immediately pay to G2 Technologies the deposit amount of $0.4 million.