Indo Global Exchange PTE LTD. entered into an agreement to acquire Claridge Ventures, Inc. (OTCPK:CLRV) in a reverse merger transaction on July 17, 2013. At the closing, Claridge Ventures will issue 43.5 million shares, representing 60% of the issued and outstanding shares of common stock of Claridge Ventures. On or before the closing date, Claridge Ventures shall conduct a 1-for-4 reverse split of all of its authorized, issued and outstanding shares of common stock. The shares will be subject to an escrow agreement and shall be released seven months from the effective time of the transaction. Claridge Ventures shall complete a financing of not less than $0.75 million within 180 days after the closing date. Indo Global will become the Claridge Ventures's wholly owned subsidiary, and Claridge Ventures will acquire the business and operations of Indo Global.

The deal is subject to government approvals, completion of Indo Global audit, third party approval, execution of escrow agreement and consummation of due diligence. The Board of Directors of Claridge Ventures has unanimously determined that the terms of the deal are fair and in the best interests of the shareholders and recommended that the shareholders approve the deal. The transaction has been approved by shareholders of Indo Global Exchange and the Board of Directors of Claridge Ventures. The Financial Industry Regulatory Authority approved the transaction on August 6, 2013. Mark C. Lee of Greenberg Traurig, LLP acted as the legal advisor and escrow agent and Tom Laucks of Holladay Stock Transfer, Inc. acted as the transfer agent for Claridge Ventures, Inc.