Trueclaim Exploration Inc. (TSXV:TRM) entered into an amalgamation agreement to acquire Northern Skye Resources Ltd for CAD 0.13 million in stock on January 28, 2016. Trueclaim Exploration Inc. (TSXV:TRM) entered into an amalgamation agreement to acquire Northern Skye Resources Ltd on April 5, 2016. Under the terms of the deal, Trueclaim will acquire 20.16 million shares of Northern Skye and shareholders of Northern Skye will receive one common share of Trueclaim in exchange for each three Northern Skye shares held and options to acquire Northern Skye shares will become exercisable into such number of Trueclaim common shares at such exercise prices as have been adjusted to reflect the exchange ratio. The resulting entity will be named Northern Skye Resources Ltd or such other name as may be agreed upon. The number of Directors of the resulting entity will be no less than one and not more than ten. The initial Director of the new entity will be Terry Loney. The deal is subject to satisfaction or waiver of certain conditions, including the receipt of the approval of the TSX Venture Exchange, approval of listing of shares to be issued as consideration and the shareholders of Northern Skye, and the completion of due diligence by the parties. The Trueclaim and Northern Skye Board determine that the deal is in the best interest of their shareholders. Northern Skye Board and Trueclaim Board have unanimously recommended that the shareholders of both entities vote in favor of the deal. TSX Venture Exchange approved the deal on July 6, 2016. Clark Wilson LLP acted as legal advisor in the transaction. Trueclaim Exploration Inc. (TSXV:TRM) completed the acquisition of Northern Skye Resources Ltd on September 12, 2016.