Fitch Street Capital Corp. (TSXV:FSC.H) entered into a letter of intent to acquire Pure Extraction Inc. and Pure Extraction Ltd.(Targetcos) for CAD 0.72 million on October 2, 2018. Fitch Street Capital Corp. entered into a definitive agreement to acquire Pure Extraction Inc. and Pure Extraction Ltd (Targetco) for CAD 0.72 million on December 17, 2018. As part of consideration Fitch Street Capital Corp. will issue an aggregate of 3 million in common shares and an aggregate of 1 million of its shares if Pure Extraction Inc. and Pure Extraction Ltd. generates cumulative gross revenues greater than CAD 2 million within 18 months from execution of the agreement. These shares are subject to a Form 5D Value Escrow Agreement pursuant to the policies of the TSX Venture Exchange. Fitch intends to complete a concurrent financing to raise up to CAD 2 million and the net proceeds of the concurrent financing will be used to fund the acquisition of the Targetcos, costs associated with the Qualifying Transaction and to provide general working capital. As of July 19, 2019, Fitch also intends to immediately complete a non-brokered private placement financing to raise up to CAD 0.5 million through the issuance of up to approximately 3.7 Fitch Shares at a price of CAD 0.135 per Fitch Share. The net proceeds of this financing will be used to facilitate the transaction including the payment of existing payables, Exchange, audit and legal fees. The Exchange has also approved a secured loan to Pure Extraction in the principal amount up to CAD 0.225 million pursuant to a loan agreement dated November 21, 2018, as amended, between Pure Extraction and Fitch (the "Loan"). To date, Fitch Street has advanced CAD 0.184 pursuant to the Loan. The proceeds of the Loan shall be used by Pure Extraction to fund its operating expenses prior to completion of the transaction. Upon closing, the name of Company will be changed to “Pure Extraction Corp.” or such other name which is acceptable to the directors of Fitch and the Targetcos, the Exchange and the registrar of companies for British Columbia. The board of directors of the Resulting Issuer is expected to consist of Balraj Mann (Chief Executive Offer), Alicia Milne and Anthony Zelen. Nancy Zhao is expected to the Chief Financial Officer and Corporate Secretary of the Resulting Issuer. The Transaction is subject to a number of conditions precedent, including the approval of the TSX Venture Exchange and completion of the private placement. As on April 20, 2020, transaction is subject to the satisfaction of the conditions of the Exchange including completion of the Concurrent Financing for the full CAD 2,000,000 in gross proceeds. The Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the acquisition as of January 14, 2019. As of March 1, 2019, Fitch Street Capital and shareholders of Pure Extraction Inc. and Pure Extraction Ltd. have extended the termination date of the Agreement to June 1, 2019. Fitch is not required to obtain shareholder approval for the transaction. The Company and the shareholders of the Targetcos have extended the termination date of the agreement to January 31, 2020. The Board of Directors of Fitch also approved the terms and conditions of the transaction. As of February 28, 2020, the transaction received conditional approval from the TSX Venture Exchange to complete the acquisition and the acquisition is expected to complete on or before April 17, 2020. As on April 20, 2020, the transaction is expected to close on or before July 17, 2020. Dana Gordon of Benchmark Law Inc acted as legal advisor to Pure Extraction Inc. and Pure Extraction Ltd. Desmond Balakrishnan of McMillan LLP acted as legal advisor to Fitch Street Capital Corp. Computershare Trust Company of Canada acted as the transfer agent and registrar for Fitch Street as part of the transaction. Fitch Street Capital Corp. (TSXV:FSC.H) completed the acquisition of Pure Extraction Inc. and Pure Extraction Ltd.(Targetcos) on June 10, 2020. Fitch Street Capital Corp. changed its name to Pure Extraction Corp. and the common shares will commence trading on the TSX Venture Exchange under the trading symbol “PURX”.