HOME RUN OIL & GAS INC. entered into a letter of intent to acquire Samurai Capital Corp. (TSXV:SSS.P) for CAD 2.8 million in a reverse merger transaction on December 7, 2022. HOME RUN OIL & GAS INC. entered into a definitive amalgamation agreement to acquire Samurai Capital Corp. in a reverse merger transaction on March 1, 2023. Under the terms of the transaction, Samurai will issue 47 million Samurai shares to the former holders of Home Run common shares, which will result in the Home Run shareholders receiving approximately 1.8923 common shares of the Resulting Issuer in exchange for their Home Run common shares. In related transactions, Samurai will complete a private placement of 4 million Samurai shares at CAD 0.05 per share for gross proceeds of at least CAD 200,000 and a private placement offering of secured non-convertible debentures for gross proceeds (including Home Run debt CAD 0.25 million which Samurai shall assume) of not less than CAD 1,750,000 (Debenture Financing). On completion of the transaction, the current Samurai Shareholders will hold an approximately 7.7.32% of the Samurai Shares. The current Home Run Shareholders will hold an approximately 78.20% Samurai Shares. Upon completion of the qualifying transaction, it is expected that Samurai will be a Tier 2 Oil & Gas Issuer on the TSXV. Upon closing, the management and Board of Directors of the Resulting Issuer will be comprised of three nominees from Home Run and one nominee from Samurai, and Samurai will change its name to such name as determined by Home Run in its sole discretion, in compliance with applicable law and as may be acceptable to the TSXV. In connection with the qualifying transaction, it is intended that Samurai will change its name to “Canadian Home Run Energy Corporation” or such other name as agreed to by Samurai and Home Run and accepted by the applicable regulatory authorities (the “Name Change”). Upon the closing of the Qualifying Transaction, Jeffrey Standen, Owen Pinnell, Jim Silye and Anthony Zelen will constitute the board of directors of Samurai. New senior management team of Samurai will be comprised of Jeffry Standen (President, Chief Executive Officer and Corporate Secretary) and Robert Gillies (Chief Financial Officer).

The transaction is subject to satisfactory completion of due diligence by each of Samurai and Home Run; required approval of the TSXV; approvals of the shareholders Home Run; completion of the Private Placement; completion of the Debenture Financing; and TSXV's approval for listing the shares of the Resulting Issuer.

HOME RUN OIL & GAS INC. cancelled the acquisition of Samurai Capital Corp. (TSXV:SSS.P) in a reverse merger transaction on April 14, 2023.