Indigenous Roots Corp. executed a letter of intent to acquire American Paramount Gold Corp. (OTCPK:APGA) in a reverse merger transaction on November 27, 2017. Under the terms of the letter of intent, American Paramount will acquire 100% of the issued and outstanding shares of Indigenous Roots in exchange for 22 million common shares of American Paramount. The agreed closing date of a definitive agreement is on or before December 31, 2017. The parties were unable to complete a definitive agreement on or before December 31, 2017 as proposed in the letter of intent. American Paramount Gold Corp. has agreed to extend the date for completion of a definitive agreement to January 31, 2018. As of February 8, 2018, American Paramount changed its name to Indigenous Roots Corp. As of March 28, 2018, the original due diligence period provided for under the letter of intent has been extended in order to complete a definitive agreement.