HDIMAX, Inc. agreed to acquire Indigo-Energy, Inc. (OTCPK:IDGG) from CarrMiller Corporation, New Hope Partners LLC and others in a reverse merger transaction on September 2, 2014. Indigo-Energy will acquire HDIMAX in consideration for 94% of the outstanding stock of Indigo.

Pursuant to the agreement, Indigo has agreed to effect a reverse stock split prior to the closing of the merger, such that the merger consideration issued to the holders of HDIMAX common shares will be approximately 705 million shares of their common stock, and their total shares of common stock outstanding after completion of the merger will be approximately 750 million in each case on a post-reverse split basis. Raaj Kapur Brar will be the Chief Executive Officer and President of HDIMAX. The transaction is subject to regulatory approval, due diligence and approval of shareholders of HDIMAX. It will be terminated if the closing does not occur before March 1, 2015. The transaction has been approved by the Board of Directors of Indigo. The transaction is expected to close no later than December 31, 2014. Lance A. McKinlay of Wilson & Oskam, LLP acted as legal advisor to Indigo-Energy.