Lignol Energy Corporation (TSXV:LEC) agreed to acquire remaining 45% stake in Territory Biofuels Limited for $0.72 million on January 13, 2014. Under the terms of the acquisition, Lignol Energy will issue its 2.5 common shares for each Territory Biofuels' ordinary share. On completion, Territory Biofuels will become a wholly owned subsidiary of Lignol Energy Corporation. Lignol's offer is accepted by all of Territory Biofuels's remaining shareholders and is subject to TSX Venture Exchange approval. The closing of this acquisition is expected to be completed on or before January 31, 2014. Michael Barker of King & Wood Mallesons acted as the legal advisor for Lignol Energy Corporation.

Lignol Energy Corporation (TSXV:LEC) completed the acquisition of remaining 45% stake in Territory Biofuels Limited on February 3, 2014.