Opulence Resources Inc. entered into letter of intent to acquire Groundstar Resources Limited (OTCPK:GRDS.F) for approximately CAD 0.47 million on May 13, 2020. Opulence Resources Inc. entered into a definitive agreement to acquire Groundstar Resources Limited on September 8, 2020. The purchase price for GRL will be approximately CAD 465,000 including the assumption of debt and will be paid for via the issuance of common shares of AOC, on the basis of one common share of AOC for each ten common shares of GRL held. Advantagewon Oil will acquire CAD 30 million in accumulated tax losses of Groundstar Resources for CAD 0.34 million subject to certain adjustments and will be paid for via the issuance of stock of Advantagewon Oil. As a result of the merger, the combined company will be named as “Opulence Resources Inc.”. The Parties agree that the first directors of resulting entity shall be the following individuals Paul Haber, Stephen Hughes, Stan Dimakos and Frank Kordy. The issuance of any common shares to Groundstar Resources and completion of the transaction post completion of a definitive agreement will be subject to a number of conditions including approval of Groundstar Shareholders holding not less than 66 2/3% of the issued and outstanding Groundstar Shares and the approval of the Board of the Groundstar as well as exchange approval and regulatory approval. The number of Groundstar Shares that are the subject of a notice of Groundstar Dissent Rights that has not been withdrawn shall not exceed 10% of the total number of Groundstar Shares issued and outstanding prior to the Effective Time. The board of directors of Groundstar approved the transaction and recommended the shareholders to vote in favor. Groundstar will convene and conduct the Groundstar Meeting on or before December 31, 2020, or such later date as may be mutually agreed to by Advantagewon and Groundstar. The transaction will close on or before December 31, 2020.