White Pine Resources Inc. signed an agreement to acquire 100% stake in Secret Barrel Distillery Corporation from John Adam MacDonald for CAD 0.04 million on July 25, 2017. The consideration involves issuance of 2 million shares to Secret Barrel Distillery Corporation. Post-acquisition, White Pine Resources Inc.’s business is the business of Secret Barrel and Secret Barrel Distillery Corporation will operate as a wholly-owned subsidiary of White Pine Resources Inc. For the year ending 2017, Secret Barrel Distillery Corporation had CAD 0.05 million in revenues, CAD 0.06 million of total assets and a net loss of CAD 0.02 million. Post-acquisition, John Adam MacDonald holds the position of Director at White Pine Resources Inc. The transaction is expected to close by August 25, 2017. Irwin Lowy LLP acted as escrow agent in the transaction. White Pine Resources Inc. completed the acquisition of 100% stake in Secret Barrel Distillery Corporation from John Adam MacDonald on August 18, 2017.