Purestone US INC entered into an agreement in principle to acquire Terra Energy & Resource Technologies, Inc. (OTCPK:TEGR) in a reverse merger transaction on April 7, 2021. Following the merger, the current shareholders of Terra Energy and Resource Technologies Inc will control approximately 20% of the merged equity. The Agreement is subject to various conditions, including satisfactory due diligence, as well as the approval of shareholders of the Companies.

Following the Merger, Purestone will file an Audit and Form 10 information to become a fully reporting company. Merger Agreement and Share Exchange Agreement expected to be completed in May 2021.