Bougainville Ventures Inc. (CNSX:BOG) entered into a letter of intent to acquire assets and inventory of Grind Bar Nutrition Products Ltd. on September 26, 2019. The consideration is to be payable in such number of common shares in Bougainville Ventures' share capital at a per share price equal to the volume weighted average price of such shares on the Canadian Securities Exchange over a 15-day period ending on the day such consideration shares are required to be issued. Under the transaction, Bougainville Ventures Inc. will provide funding and will have the option to acquire up to 100% of Grind Bar Nutrition Products' assets and current inventory. The final percentage to be acquired will be determined in a definitive agreement entered into after completion of a 30 day due diligence period.