Desert Strike Resources (US) Inc. entered into a non-binding letter of intent to acquire Hansco Capital Corp. (TSXV:HCO.P) for CAD 2.5 million in a reverse merger transaction on May 3, 2021. Desert Strike Resources (US) Inc. entered into a share purchase agreement to acquire Hansco Capital Corp. in a reverse merger transaction on July 19, 2021. As part of consideration, Hansco Capital Corp. will issue 14 million common shares to Aurex at an anticipated price of no less than CAD 0.15 per share. The current shareholders of Hansco would hold approximately 18% of the Shares of the Resulting Issuer, participants in the Private Placement would hold approximately 40% of the Shares of the Resulting Issuer, and Aurex would hold approximately 42% of the Shares of the Resulting Issuer. The transaction is subject to completion of certain conditions precedent, including without limitation: execution of the Definitive Agreement; the preparation and filing of a Filing Statement with the Exchange; completion by Hansco of a private placement for gross proceeds of no less than CAD 2 million; the transaction cannot close until the required shareholder approval is obtained and receipt of all necessary regulatory and Exchange approvals. Transaction is anticipated to close on or before September 30, 2022 or such earlier or later date as the parties may agree. As of August 18, 2022, Hansco Capital expects to close the transaction on or about October 15, 2022. Computershare Investor Services Inc. acted as transfer agent and registrar to Hansco.

Desert Strike Resources (US) Inc. cancelled the acquisition of Hansco Capital Corp. (TSXV:HCO.P) in a reverse merger transaction on January 23, 2023. The agreement was terminated because Hansco and DSRI were not able to complete the CAD 2 million minimum financing requirement before the agreement expired.