Supernova Energy, Inc. (OTCPK:SPRN) signed a letter of intent to acquire Additional oil Leases in Kentucky on October 23, 2018. Closing of the transaction contemplated by the letter-of-intent is subject to customary terms and conditions, including the completion of due diligence by Supernova Energy, securing financing, and negotiation and execution of definitive agreements. If definitive terms have not been reached within 90 days, the letter-of-intent will expire. Supernova Energy, Inc. (OTCPK:SPRN) cancelled the acquisition of Additional oil Leases in Kentucky on October 23, 2019.