2294253 Alberta Ltd. entered into a binding letter agreement to acquire CHC Student Housing Corp. (TSXV:CHC.H) ('CHC') in a reverse merger transaction for CAD 0.3 million on October 14, 2020. 2294253 Alberta Ltd. entered into a definitive share purchase agreement to acquire CHC Student Housing Corp. in a reverse merger transaction on December 4, 2020. Under the terms of the transaction, a share exchange will take place whereby all of the outstanding common shares of 2294253 Alberta will be acquired by CHC in exchange for a total of 10 million common shares. 2294253 Alberta is backed by an investor group led by Jean Pomerleau and Wayne Tisdale. A concurrent private placement may be conducted by 2294253 Alberta or CHC in connection with the transaction in order to provide additional funding for the business of the resulting issuer. Under the terms of the definitive agreement, CHC will undertake a non-brokered private placement of 3,500,000 units of CHC at a price of CAD 0.10 each for gross proceeds of CAD 350,000 to be completed concurrently with or immediately prior to the closing of the transaction. The business of CHC will be the business of 2294253 Alberta after forming the resulting issuer. Under the terms of the Definitive Agreement, CHC will also change its name to "Bullet Exploration Inc." or such other name as may be designated by the 2294253 Alberta Shareholders. The Resulting Issuer is expected to be listed on Canadian Securities Exchange and CHC maybe delisted from the Exchange.

Upon completion of the transaction, all of the current directors of CHC will be replaced with nominees of 2294253 Alberta, including Jean Pomerleau and Wayne Tisdale, and this newly reconstituted Board of Directors for the resulting issuer will appoint a new Chief Executive Officer and Chief Financial Officer for the Resulting Issuer. Upon the execution of the definitive agreement and pending completion of the transaction, Simon Nyilassy and Thomas Murphy will resign as Directors of CHC and Jean Pomerleau and Wayne Tisdale will be appointed to fill the vacancies resulting from their resignations. Additionally, Simon Nyilassy and Harry Atterton will resign as Chief Executive Officer and Chief Financial Officer, respectively, of CHC and Ron Schwarz will serve as interim Chief Executive Officer and interim Chief Financial Officer of CHC. Upon the execution of the Definitive Agreement on December 4, 2020 Simon Nyilassy and Thomas Murphy resigned as directors of CHC and two nominees of the 2294253 Alberta Shareholders, Jean (Ted) Pomerleau and Wayne Tisdale, were appointed as directors of CHC to fill the vacancies resulting from their resignations. In addition, Simon Nyilassy and Harry Atterton resigned as Chief Executive Officer and Chief Financial Officer, respectively, of CHC and Ron Schwarz, a director and the Chair of CHC, was appointed to serve as Acting Chief Executive Officer and Acting Chief Financial Officer of CHC on an interim basis pending completion of the transaction. Upon completion of the transaction, Ron Schwarz and Craig Smith will resign as directors of CHC and will be replaced with two additional nominees of the 2294253 Alberta Shareholders, Robert Meister and another individual to be identified on the Board of Directors of the Resulting Issuer.

The completion of the transaction is subject to the satisfaction of various conditions including but not limited to: (i) receipt of all necessary consents, waivers, permissions and approvals for the transaction, including the approval of the Exchange; (ii) the resulting issuer meeting the minimum listing requirements of the New Shares on the Exchange; (iii) the representations, warranties and covenants made by each party being true and correct in all material respects as of the closing date; (iv) no party being in material breach of its obligations under the Definitive Agreement; (v) no event or change occurring that would reasonably likely to have a material adverse effect on either CHC or 2294253 Alberta; (vi) the completion of the concurrent private placement, as applicable; (vii) the issuance of the common shares in connection with the transaction being exempt from prospectus requirements under applicable securities laws; (viii) the Investor Group providing CHC with such financial statements for 2294253 Alberta as are required for the transaction; (ix) the Investor Group providing CHC with a technical report compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in respect of the project acceptable to the Exchange; (x) if required, the Investor Group providing CHC with a formal valuation acceptable to the Exchange; (xi) execution of escrow agreement. Completion of the transaction will not require shareholder approval. A definitive agreement is expected to be negotiated by, on or before October 30, 2020. The effect of the restatements does not impact CHC's ongoing operations, cash position, or the expected closing of CHC proposed reverse take-over transaction with 2294253 Alberta Ltd. and its shareholders. As of March 16, 2021 CHC has received conditional approval from the TSX Venture Exchange. On February 1, 2021, CHC, 229 and 229's shareholders extended the time for completion of the transaction from February 28, 2021 to March 31, 2021. Jeff Helper of Tingle Merrett LLP acted as legal advisor to 2294253 Alberta Ltd. Vaughn MacLellan of DLA Piper (Canada) LLP acted as legal advisor to CHC Student.

2294253 Alberta Ltd. completed the acquisition of CHC Student Housing Corp. (TSXV:CHC.H) ('CHC') in a reverse merger transaction on March 26, 2021. CHC Student Housing Corp. have completed the private placement for gross proceeds of CAD 6 million. Ronald Schwarz and Craig Smith resigned as directors of the CHC Student Housing Corp and were replaced by Robert Meister and Riaz Sumar of Resulting Issuer. The board of directors of the Resulting Issuer is now comprised of Jean (Ted) Pomerleau, Wayne Tisdale, Robert Meister, Riaz Sumar and J. Garry Clark. Also, Jean (Ted) Pomerleau will serve as President and Chief Executive Officer and Riaz Sumar will serve as Chief Financial Officer and Corporate Secretary of the Resulting Issuer.