Power Group Projects Corp. (TSXV:PGP) entered into non-binding letter of intent to acquire 1315843 B.C. Ltd. from it's shareholders for CAD 1.2 million on October 14, 2021. Power Group Projects Corp. (TSXV:PGP) entered into share purchase agreement to acquire 1315843 B.C. Ltd. on December 8, 2021. Under the terms of agreement, PGP will be acquiring all of the outstanding share capital of BCCo. By issuing 24,000,000 common shares to the shareholders of BCCo., making a refundable cash payment in the amount of CAD 50,000 on signing this LOI which is to be released upon signing a definitive agreement and an additional CAD 50,000 cash payment upon closing of the proposed transaction. PGP and BCCo. will have a 30-day due diligence period which can be extended for an additional 30 days upon agreement of both parties. The completion of the Transaction contemplated by the LOI remains subject to the Company and BCCo entering into a definitive agreement and the approval of all regulatory and other approvals, including the approval of the TSX Venture Exchange.

Power Group Projects Corp. (TSXV:PGP) acquired 1315843 B.C. Ltd. from it's shareholders on December 23, 2021.