Novagen Ingenium Inc. (OTCPK:NOVZ) agreed to acquire Y Engine Developments Pty Ltd. from Micheal Nugent on June 14, 2012. Novagen Solar Inc. entered into a material definitive agreement to acquire Y Engine Developments Pty Ltd. from Micheal Nugent in stock on July 5, 2012. Under the terms of the agreement, Novagen will issue 1 share of its common stock to Micheal Nugent in exchange for 1 ordinary share of Y Engine. As of July 5, 2012, deal got an approval from the Board of Directors of Novagen Solar. The acquisition is to complete on September 14, 2012.

Novagen Ingenium Inc. (OTCPK:NOVZ) completed the acquisition of Y Engine Developments Pty Ltd. from Micheal Nugent on September 27, 2012.