Quattro Exploration and Production Ltd. (TSXV:QXP) signed a binding agreement to acquire oil and gas production, facilities and lands in British Columbia from an Alberta-based private oil and gas exploration and production company for CAD 1.9 million on October 30, 2015. Under the terms of the agreement, consideration comprises of the issuance of 0.01 million non-voting, Class C, series 2 preferred shares at a deemed price of CAD 100 per share and CAD 0.88 million in cash, to be paid from working capital assumed by Quattro in the acquisitions. The deal is subject to a number of customary conditions including, completion of due diligence and approval of the TSX Venture Exchange. The transaction is expected to close on November 15, 2015.

Quattro Exploration and Production Ltd. (TSXV:QXP) completed the acquisition of oil and gas production, facilities and lands in British Columbia from an Alberta-based private oil and gas exploration and production company on November 16, 2015.